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Tag Archives: Woods

Bitcoin Price Watch: BTC/USD Sellers Not Out of Woods Yet

Key Points Bitcoin price broke the $6,520 and $6,500 supports, and dropped significantly against the US Dollar. There was a break below a short-term bearish flag with support at $6,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair declined below the $6,400 and $6,240 support levels to test $6,100. Bitcoin price dropped heavily towards ...

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Bitcoin Price Watch: BTC/USD Not Out of Woods Yet

Key Points Bitcoin price declined further and traded below the $7,500 support level against the US Dollar. There was a break below a declining channel with support at $7,365 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is finding a strong buying interest near $7,250, which could ignite an upward move. Bitcoin price declined ...

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