Bitcoin Technical Analysis: BTC/USD return to $12,000 won’t come easy – Confluence Detector

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diancu04
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Bitcoin Technical Analysis #BTC #USD return to $12,000 won t come easy Confluence Detector
http://ntvforex.com/news/?id=2fdcae. . 1 minutes ago Bitcoin loses almost $1,000 in less than a day following another rejection at $12,000. Recovery from $11,155 encounters intense selling pressure under $11,500. Price action to $12,000 will not be easy, especially with the strong confluence resistances at $11,565 and $11,684 Bitcoin price lock step trading in the last week of August culminated in significant gains on September 1. #BTC #USD soared above the stubborn resistance at $11,800 and closed the day above $12,000. The move was also reflected in other major cryptocurrencies like Ethereum and Ripple. The former broke several barriers to trade a new yearly high at $489 while Ripple reclaimed the position above $0.30. Unfortunately, the bullish move was cut short because of little fundamental support. The trading volume was also not enough to contain the gains above $12,000. A reversal followed...
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Crypto Trading
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