RATE Group | BTC/USD bears testing big daily supporting trend line; a breach would be catastrophic
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BTC/USD bears testing big daily supporting trend line; a breach would be catastrophic

11 Jul BTC/USD bears testing big daily supporting trend line; a breach would be catastrophic

Posted at 15:48h in Bitcoin News by

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  • Bitcoin price on Thursday in the second half of the session is nursing losses of some 3.35%. 
  • BTC/USD bears are testing a critical ascending daily trend line of support.
  • Should the above noted be breached, the price could very well fall back down below $10,000. 

Spot rate:                 11,750.00

Relative change:      -3.35%

High:                        12,098.97

Low:                         11,175.81

BTC/USD 60-minute chart

  • Price has recently been saved from further bloodshed for now, by near-term ascending 60-minute trend line. 

BTC/USD daily chart

  • The critical daily trend line is being tested to the downside, failure to hold could call into action $10,000. 

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