Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.


Bitcoin Is Still In Larger Downtrend Unless It Clears 100-Day SMA

SourceBlog
#1
Bitcoin is currently trading in a broad range above the $6,500 support against the US Dollar. BTC is facing a major resistance near $7,500 and the 100-day simple moving average.

 ▪ Bitcoin is still in a larger downtrend below the $7,500 resistance against the US Dollar.
 ▪ The price is currently consolidating above the $6,500 support area.
 ▪ There is a major bearish trend line forming with resistance near $7,580 on the daily chart of the BTC/USD pair (data feed from Kraken).
 ▪ The bulls are likely to face a strong resistance near $7,500 and the 100-day simple moving average.

@TradeCryptoNow
Reply