Universaltrader_12

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Short
COINBASE:BTCUSD   Bitcoin
Bitcoin price extends retreat from 69K threshold as BTC bulls wait for safer entry

Bitcoin (BTC) price directional bias is on the balance as it sits atop a critical support for the second day in a row. The pioneer cryptocurrency reacted to the speech of Federal Reserve chair Jerome Powell with an abysmal move that lasted only briefly before falling back to its initial lull.

Bitcoin bulls wait for safer entry
Bitcoin price has slipped below the support offered by a critical support level, the 200-day Exponential Moving Average (EMA) at $65,574. However, the breakdown is not decisive as the pioneer cryptocurrency continues to hold above one of two trendlines that have been pivotal in BTC action for over six months.

Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental and technical analysis.
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