Bitcoin price fell sharply below the $9,700 supports against the US Dollar. BTC price is currently at a risk of more downsides below the $9,500 support.
29 August 2019, OctaFX – The price of Bitcoin has slipped to a new two-week low in early Thursday trade after bearish news forced the cryptocurrency under the $9,700 level.
Bitcoin price technical analysis
The $9,400 level is the next big level to watch for the BTCUSD pair before the critical $9,100 support level. A number of key technical indictor are all flashing short-term sell signals.
The BTCUSD pair is only bullish while trading above the $10,250 level, key resistance is located at the $10,700 and $11,000 levels.
If the BTCUSD pair trades under the $9,900 level, sellers may test towards the $9,400 and $9,100 support levels.
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