Bitcoin fall
Bitcoin price failed to hold gains and broke a major support at $6,700 against the US Dollar.
Yesterday’s discussed important contracting triangle was broken with support at $6,720 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is currently trading below $6,680 and 100 hourly simple moving average, which is a bearish sign.
Bitcoin price declined below the $6,700 support with negative signs against the US Dollar. BTC/USD could continue to move down and it may even retest the $6,550 level.
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