Bitcoin Price Weekly Analysis – BTC/USD to Retest $6,000

in #newsoftheweek3 years ago


Key Points

Bitcoin price is under heavy selling pressure as it tumbled below the $8,000 support against the US Dollar.
There is a crucial contracting triangle forming with support at $7,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair may extend the current..


For future viewers: price of bitcoin at the moment of posting is 8517.60USD