04-23-2020, 12:03 AM
Bitcoin is currently consolidating above the $6,760 low against the US Dollar. BTC price could correct higher, but upsides are likely to face hurdles near $6,955 or $7,030.
▪ Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar.
▪ A few key hurdles are forming on the upside near the $6,955 and $7,030 levels.
▪ There is a major bearish trend line forming with resistance near $7,030 on the hourly chart of the BTC/USD pair (data feed from Kraken).
▪ The pair could continue lower towards the $6,550 support area, where the bulls are likely to emerge.
@TradeCryptoNow
▪ Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar.
▪ A few key hurdles are forming on the upside near the $6,955 and $7,030 levels.
▪ There is a major bearish trend line forming with resistance near $7,030 on the hourly chart of the BTC/USD pair (data feed from Kraken).
▪ The pair could continue lower towards the $6,550 support area, where the bulls are likely to emerge.
@TradeCryptoNow