Bitcoin Price Weekly Analysis – BTC/USD Remains at Risk


Key Factors

  • Bitcoin value recovered not too long ago, but it surely failed to maneuver above the $16,400 resistance in opposition to the US Greenback.
  • There’s a essential bearish development line forming with present resistance at $14,200 on the Four-hours chart of BTC/USD (information feed from SimpleFX).
  • The pair not too long ago broke a connecting bullish development line at $13,500 and made a draw back transfer.

Bitcoin value is at the moment below stress under $15,000 in opposition to the US Greenback. BTC/USD stays at a danger of extra declines within the close to time period.

Bitcoin Price Decline

After a pointy draw back transfer, bitcoin value recovered properly above the $15,000 degree in opposition to the US Greenback. The worth even traded above the $16,000 degree. Nonetheless, patrons failed to maneuver above the $16,500 degree and the 100 easy transferring common (Four-hours). A draw back transfer is initiated and the value has moved under the 23.6% Fib retracement degree…



Read full story

1 reply

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply