Bitcoin price declined yesterday below the $6,100 level before recovering substantially against the US Dollar. Is the price of Bitcoin likely drop below $ 6,000? What is revealed in the following 14 July BTCUSD Price Technical Analysis?
14 July, GKFX – Bitcoin the largest cryptocurrency is trading flat to mildly green on day but the chips are in place for this crypto poster boy to head lower again below $6,000 round figure mark from where it bounced back later last month.
14 July BTCUSD Price Technical Analysis
BTCUSD up 0.1 percent on day at $6,218 almost near low point of the day, which is at $6,204 and in a less than $100 range for the day.
On the 180-minute chart, the downard bias on the Bitcoin is clearly visible which could take it potentially towards $5,900. Immediate strong support is placed around $6,100 mark while resistance is placed above $6,300 in the form of 21 days simple moving average.
BTCUSD 180-minute chart:
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