On Thursday, October 10th, the BTC is growing, trading at $8616.90.
By Thursday, October 3rd, the BTC volatility ha smoothed a bit. The leading cryptocurrency is consolidating at around $8274.00.
By Thursday, September 26th, the leading cryptocurrency has stopped falling steeply and is searching for a foothold near $8399,00.
This week, the Bitcoin price has been declining smoothly, but trading is virtually lacking volume, which means investors are focused on the news about fiat currencies.
On the weekly timeframe, the Bitcoin remains in the ascending channel; however, a decline to the support line may turn into a breakaway and a decline to the psychologically important level of $7,000.
On the weekly timeframe the Bitcoin keeps demonstrating an uptrend, preparing a new impulse of growth after a declining correction.
The BTC has been undergoing a correction for two days already. Generally it is trading at $11,500.
The BTC is correcting on June 27 after having made new local highs, and is trading around $12,182.
After the pullback, the Bulls may push up Bitcoin price to penetrate the $12,900 level and target $13,400 provided the resistance level of $12,900 does not hold. In case the just mentioned level holds, the price may begin consolidation.
Bitcoin price respected the $11,311 level and retraced towards $10,168 level. The crypto retested the level second time on June 23, it is currently pulling back before the continuation of Bullish trend.