Bitcoin Price Won’t Go Down Quietly: Risk of Bounce Grows

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Bitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area.

  • Bitcoin price is confined in a range above the main $8,500 support against the US Dollar.
  • The bulls are facing hurdles near the $8,760 and $8,800 resistance levels.
  • There is a key contracting triangle forming with resistance near $8,720 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could either rally…



Source link

Related Posts

  • 71
    There was another rejection near the $12,200 resistance in bitcoin price against the US Dollar.The price revisited the main $10,500 support area and it is currently correcting higher.There is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed…
    Tags: $, bitcoin, support, forming, price, pair, resistance, area, main, btc/usd
  • 64
    Ripple price is finding a strong buying interest near the $0.2850 level against the US dollar.The price is currently consolidating and it is likely to climb back above $0.3000.There is a connecting bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source…
    Tags: price, $, source, dollar, resistance, bitcoin, hourly, chart, pair, data
  • 63
    Bitcoin price extended its declined and broke the key $10,800 support level against the US Dollar.The price even broke the last swing low and a major support area near the $10,500 level.There is a key bearish trend line forming with resistance near $10,650 on the hourly chart of the BTC/USD…
    Tags: $, price, support, bitcoin, key, data, feed, kraken, fresh, btc/usd
  • 63
    Bitcoin price started a strong recovery and broke the key $10,000 resistance area against the US Dollar.The price surged more than 10% and broke the $10,500 resistance to test $10,800.There was a break above a major bearish trend line with resistance near $9,800 on the hourly chart of the BTC/USD…
    Tags: $, price, bitcoin, resistance, dollar, btc, currently, kraken, hourly, feed
  • 63
    Bitcoin price is consolidating and likely setting up for a fresh rise above $5,050 against the US Dollar.Ethereum, ripple, bitcoin cash and litecoin are trading with a positive bias above key supports.There is a major bullish trend line formed with support at $4,820 on the hourly chart of the BTC/USD…
    Tags: $, bitcoin, btc, pair, fresh, btc/usd, data, feed, kraken, hourly
READ MORE  Tezos Has Released a Free-for-All XTZ Faucet

Leave a Reply

Your email address will not be published. Required fields are marked *