Bitcoin Price Intraday Analysis: BTC/USD Confirms Bull Trap

in #bitcoin • 6 years ago

The Bitcoin-to-dollar exchange rate on Tuesday dropped 1.69 percent from 6734-fiat to 6620-fiat after confirming a bull trap.

The current market volume is lower than expected to excite a steady upside – even downside. In our previous analysis, we had stated that a breakout would be confirmed once we climb over September 5 high. BTC/USD managed to test the level in yesterday’s upside action but didn’t see as many open long positions as closed ones. That said, 6734-fiat is already a level to watch out for to confirm a short-term break towards September high.
https://www.ccn.com/bitcoin-price-intraday-analysis-btc-usd-confirms-bull-trap/

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6 years ago in #bitcoin by
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