BTC/USD – Bitcoin Gains Support Over Ascending Trendline – Is It Going to Reverse?


The BTC/USD fell sharply from 12,416 level to the support level of 11,669. The support level is extended by an upward trendline on the 4-hour timeframe, but the MACD has crossed below 0, suggesting odds of bearish trend continuation. Checkout bitcoin analysis video to learn more about potential trade setup. is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

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