RATE Group | BTC/USD consolidation a potential sign ahead of further falling
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BTC/USD consolidation a potential sign ahead of further falling

27 Nov BTC/USD consolidation a potential sign ahead of further falling

Posted at 15:57h in Bitcoin News by

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  • Bitcoin price is trading in positive territory, up some 1.20% in the second half of the session. 
  • BTC/USD remains vulnerable to further downside pressure, as the price consolidates for now.
  • Critical daily support should be noted at $6800, failure to hold could make way for more selling. 

BTC/USD weekly chart

The price is running towards its fourth consecutive week in the red, with a lack of slowdown signs. 

BTC/USD daily chart

The price could now likely have some issues being stuck between two critical areas, $7500 resistance and $6500 support.

 

Spot rate:                  7259.80

Relative change:       1.20%

High:                          7370.58

Low:                           7044.04

 

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