Bitcoin Price Watch: BTC Following Slow and Steady Uptrend

February 12, 2019

 

Bitcoin price corrected lower recently below the $3,640 and $3,580 supports against the US Dollar. There is a contracting triangle forming with resistance near $3,625 on the hourly chart of the BTC/USD pair. The price could either climb above the $3,625 resistance or extend the correction below $3,560. Bitcoin price declined recently below the $3,580 support against the US Dollar. BTC found support near $3,550 and it seems like the market is preparing for the next move in the near term.

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Bitcoin (BTC) is down 0.67% over the past 24 hours and is currently trading at $3,629.98 on Coinbase. BTC dominance is at 52.9% and the total cryptocurrency market cap is currently at $120.4 Billion. 

 

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