Bitcoin Price Weekly Analysis – BTC/USD To Correct Lower?

Key Points

  • Bitcoin cost after trade as high as $758 started editing reduce opposite a US Dollar.
  • Recently, there was a mangle next a bullish trend line shaped on a 4-hours draft (data feed from SimpleFX) of BTC/USD.
  • The cost is also next a 100 elementary relocating average, job for serve improvement waves.

Bitcoin cost recently corrected once opposite a US Dollar, though it looks like a BTC/USD span might scold serve towards a $680 level.

Bitcoin Price Resistance

BTC cost gained recently to trade as high as $758 opposite a US Dollar where it found sellers and changed down. The downside pierce was sharp, and took a cost towards a $665 level. Afterwards, there was a improvement instituted during that a cost traded above a 50% Fib retracement turn of a final dump from a $758 high to $665 low.

However, a call unsuccessful and could not benefit momentum. There was a rejecting around a 76.4% Fib retracement turn of a final dump from a $758 high to $665 low. So, it looks like a cost done a higher-low and incited down. It recently pennyless a bullish trend line shaped on a 4-hours draft (data feed from SimpleFX) of BTC/USD. It can be considered



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