Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Riya143 on July 29, 2020, 10:09:11 AM
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Bitcoin is struggling to gain momentum above the $11,200 level against the US Dollar. BTC is currently correcting lower and it could test $10,700 before a fresh increase.
Bitcoin Price Correcting Gains
After a downside correction from $11,400, bitcoin found support near the $10,700 level against the US Dollar. BTC remained well bid above the $10,700 level and the 100 hourly simple moving average.
It climbed back above $11,000, but it struggled to gain strength above the $11,200 level. A high is formed near $11,195 and the price is currently correcting lower. It traded below the $11,100 and $11,000 levels.
Read More: https://www.newsbtc.com/2020/07/29/bitcoin-could-correct-to-10700/