BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

Follow the Bitcoin top Crypto articles on the Web, or submit your BTC Stories.

Bitcoin Price Analysis July 7

Bitcoin Price Analysis July 7
Going back to the previous Bitcoin price analysis: “From here, next resistance as mentioned is at $6600 and then $6800 (MA-200 and resistance level)”. So as you may have guessed, Bitcoin had tested the above resistance and changed direction, down to retest support of $6400.
As of now, consolidating around the $6600 resistance again. The current resistance area had become very strong, meeting with the Moving Average 200-days line (the pink line). Support also getting stronger around $6400 area (moving average 50 days – the purple line). The two important moving averages are getting closer.
A zone to watch closely is in case MA-50 (purple) will cross above MA-200 (pink). Last time it crossed down, on May 15, Bitcoin had been torn away from the $9000 area and didn’t make signs of going back there.
To sum up: Trading volume is very low, typically to weekends. From above, MA-200 resistance, $6800 and then $7000. From below, $6400 and then $6200.
BTC/USD BitFinex 4 Hours chart

The post Bitcoin Price Analysis July 7 appeared first on CryptoPotato .

- - - - -

Thank you for Share!

   
Read the full Article

Read the full Article: Bitcoin Price Analysis July 7


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from leading exponents of BlockChain, Bitcoin and Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Cypto Currencies World.

| Learn More |

24h Most Popular News