Bitcoin price is still very much stagnant on Tuesday, after the heavy selling pressure over the weekend, down 0.85% on Tuesday. BTC/USD is encountering near-term resistance seen at $6850, 50MA on the 60-minute chart. No clear signs yet for a shift back into the bull’s favour or whether the bears will resume pressure. BTC/USD […]
The post Bitcoin Technical Analysis: BTC/USD was lifted somewhat above a demand zone, that came to the rescue, price attempting to break down near-term $6850 resistance, 50MA appeared first on Forex Crunch.