Bitcoin Price Watch: BTC/USD Recovers Sharply, Could Retest $7,120 Bitcoin Converter Usd

Bitcoin to Hit from $10,000, to $100,000 & even $1 Million USD

Bitcoin Price Watch: BTC/USD Recovers Sharply, Could Retest $7,

Bitcoin Price Watch: BTC/USD Recovers Sharply Bitcoin Converter Usd

Bitcoin Price Watch: BTC/USD Recovers Sharply, Could Retest $7,120

Bitcoin price extended downside correction and tested the key support at $6,775 against the US Dollar.

This week’s followed major bullish trend line was breached with support at $6, Bitcoin Converter Usd

The pair bounced back sharply after testing $6,775 and it could revisit the recent high in the near term.

Bitcoin price decline was contained by $6,775 against the US Dollar. BTC/USD is still in a positive zone and it may soon climb back towards $7,120 and $7, 120 and $7 Bitcoin Converter Usd

from the $7,130 swing high in bitcoin price against the US Dollar. The BTC/USD pair declined and broke the $6,920 and $6,920 support levels. There was even a spike below the $6,800 level and the 100 hourly simple moving average. Additionally, the price cleared the 50% Fib retracement level of the last upward move from the $6,710 low to $7,130 swing high.

More importantly, this week’s followed major bullish trend line was breached with support at $6,930 on the hourly chart of the BTC/USD pair. However, bitcoin buyers took a stand near the $6,775 support area, which was a

. The price reacted very aggressively and bounced back above the $6,900 level. It even climbed back above the $6,920 level and the 100 hourly SMA. Buyers pushed the price above a bearish trend line and the $6,950 resistance. Lastly, there was a break above the 50% Fib retracement level of the recent slide from the $7,119 high to $6,778 low.

, bitcoin recovered nicely from the $6,778 low and is currently trading with a bullish angle. It seems like the price may revisit the $7,130 high as long as the $6,775 support is intact. Above $7,130, the next resistances are $7,200 and $7,250.

– The MACD for BTC/USD is placed nicely in the bullish zone.

Could Retest $7 Bitcoin Converter Usd , Could Retest $7,120

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