BTC/USD The Cryptocurrency had a short burst to the upside against the US dollar after bouncing at 8123.10 support on 18th of May 2018.
The short uptrend had difficulties breaking through its 500 EMA and eventually gave up after two fail attempts in the two-hour price chart. BTC retreated to around 84557.70 support but failed again to hold its trading activities resulting in falling further to the current price level at 8293.60.
The overall trend is still in a downtrend, and there is a possibility that it would continue to head down to the next support at 8123.10. The next two resistance could be around 8719.10 and 8876.40
The short uptrend had difficulties breaking through its 500 EMA and eventually gave up after two fail attempts in the two-hour price chart. BTC retreated to around 84557.70 support but failed again to hold its trading activities resulting in falling further to the current price level at 8293.60.
The overall trend is still in a downtrend, and there is a possibility that it would continue to head down to the next support at 8123.10. The next two resistance could be around 8719.10 and 8876.40
