2018-7-23 07:07 |
Bitcoin’s price continues to hold ground amid a market sell-off, with growing momentum building to take out its next target of $8,000.
As it turns out, bitcoin is slowly regaining and consolidating its losses to stand at $7,637.38 as of press time.
The crypto shows strong signs of a steady recovery to retest the upper resistances found at $7,575 and $7,694 (the market’s previous close and the previous high).
Price hurtling toward a breakout from the tightening range after a recovery from the recent sell-off.
The bullish daily MACD also shows signs of waning price action, with the histogram ticking down and the signal line beginning to curve lower.