BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

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.

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News