Bitcoin Falls After Failing To Create a Higher-High

Share Article
In Brief
  • -Bitcoin's upward trend has begun to show weakness.

  • -The price is in the process of completing an evening star pattern.

  • -The next lower support areas are found at $10,700 and $10,300.

  • promo

    Join the BIGGEST ICO ever launched in Spain: Buy B2M now.

The Trust Project is an international consortium of news organizations building standards of transparency.
On July 30, Bitcoin (BTC) seemingly began another rally but was stopped before reaching the previous high, creating a long upper-wick in the process. The price has broken down from a short-term ascending support line and looks to be heading towards the closest support areas. Bitcoin Evening Star Confirms Weakness The Bitcoin price reached a high of $11,394 on July 27. After a brief
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Sponsored
Share Article

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!

Go

Bit2Me ICO JUST STARTED! Buy B2M token now.

Buy now!

Market signals, studies and analysis! Join our Telegram Today!

Go