The BTC price is testing its Support at 8500$?

To Update welcome to a Bitcoin exchange. The BTC price is currently trading around 9,600$, and it is now for almost 3 weeks in a sideways movement between$ 10,000 and 8.500$. In particular, in the last few days it has become very quiet to the point 1 on the Crypto-market. This is the calm before the storm?Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!Trade the Bitcoin exchange rate with a Leverage of up to 100x, and to secure you in addition to a Bonus of up to$ 90 sign up today for free on Bybit and secure yourself a Bonus of up to$ 90! Here you can not only rising, but also falling share prices. The registration takes 3 minutes and is completely anonymous. Convince you yourself of one of the leading stock exchanges in the market! Sign up now for free

Bitcoin price shows bearish tendency

In my Bitcoin price analysis from the 15. May I already wrote about the fact that the BTC could move the course up to date in a reversal pattern. There was talk of a Bump and Run Reversal Top (BARR-Top).Even if the confirmation of the pattern with the break of the lower trend line yet, there is little doubt on my side about it, whether it is a BARR-Top or not. So far, all of the necessary characteristics are met. The only issue I have currently, is that is, should the pattern rises and the Bitcoin price creates it, before the reversal of the trend to reach a new High.The 4h Chart reveals that the BTC price is currently struggling with resistance at 9.945$ to. Including has formed something that looks strong for a smaller Version of a double-Tops.What this could mean for the Bitcoin course, let us look now in more detail.

The BTC price is testing its Support?

There are two significant indications that we should at least expect in the short term, with a price decline. The Bitcoin has failed a course twice at the same resistance line clearly, and it came to the training, the two small Tops. On the other, the first Top has significantly more volume than the second. This could be an indication that the bull market is slowly but surely runs out of breath.Here, however, must be broken once the signal line, otherwise the current consolidation could continue.The signal line should be broken down, then pay attention to whether this happens at high volume. This would be an indication that we are dealing with a greater price decline, could lead the Bitcoin exchange rate may be to the said bottom support line at around 8.500$.Do you want to position yourself to market in time?You’re still looking for a trading platform? We want to help you to find the right contact for a safe, secure trading with Bitcoin. If you are still in search of a reliable, regulated Broker that you trade with Leverage (2x),taking Long and Short positions,deposits via PayPal,the Sending of real Bitcoins in your Wallet andthe use of a wide range of trading tools,without a Download of any Software is necessary,then, is the world’s leading Social Trading platform eToro is just Right for you!Here you will benefit from a pleasant Design and easy and intuitive operation with customer service around the clock. Register today, without obligation, and try out all the features of the platform, without being forced to trade with real money.What are you waiting for? If you’re convinced, then you must act now!75 % of private CFD accounts lose money. No EU investor protection.You look better Videos to read the article? Then look at our Youtube Channel over. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)

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