RATE Group | BTC/USD flirting with s critical ascending trend line of support
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BTC/USD flirting with s critical ascending trend line of support

29 Jul BTC/USD flirting with s critical ascending trend line of support

Posted at 14:27h in Bitcoin News by

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  • Bitcoin price is trading in minor negative territory on Monday, nursing small losses of just some 0.05%.
  • BTC/USD can be seen flirting with a key ascending trend line of support, which has been in play since May. 
  • A breach of the noted support could open the door to another wave of selling pressure. 

 

Spot rate:                 9,534.37

Relative change:      -0.05%

High:                         9721.37

Low:                          9372.20

BTC/USD 60-minute chart

  • The price via the 60-minute chart view is moving within a bearish flag structure, subject to a potential breakout south. 

BTC/USD daily chart

  • Price action has been moving ever so closely to a critical ascending trend line of support via the daily. 

 

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