Bitcoin Price Weekly Analysis: BTC/USD

in #bitcoin • 5 years ago

BTC/USD Remains At Risk Below $6,300

Bitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar.

There was a break below a major bullish trend line with support at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).

The pair is currently at a risk of more losses below the $6,300 support area in the near term.

Bitcoin price is under pressure below $6,400 against the US Dollar. BTC/USD could decline towards $6,280 or $6,250 if sellers remain in control.

Credit:
https://www.newsbtc.com/2018/11/11/bitcoin-price-weekly-analysis-btc-usd-remains-at-risk-below-6300/

#btc #steem #kraken #data
5 years ago in #bitcoin by
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