Published: 22 Jul 2019 › Updated: 22 Jul 2019
Bitcoin Price (BTC) Could Retest Key Support Before Fresh Increase
- Bitcoin price climbed higher recently above the $11,000 resistance level against the US Dollar.
- The price spiked towards $11,200 and recently corrected lower below $10,800.
- There is a connecting bullish trend line forming with support near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The price could retest the key $10,000 support level before it could rise again towards $11,000.
Bitcoin price is struggling to continue higher above $10,800 support against the US Dollar. Therefore, BTC price might decline towards $10,000 before it could start a fresh increase.
Read more here: https://bitcoin2day.net/bitcoin-price-btc-could-retest-key-support-before-fresh-increase/
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