Bitcoin got hit by the news

Bitcoin got hit by the news

Trade idea

SELL 10,450; TP 9,900; SL 10,630

Bitcoin has confirmed a top, closed below the 50-day MA at 10,921 yesterday and fell through all the key MAs on H4. The price is now urged back to the support line and 38.2% Fibo retracement at 9,780.   

The US Securities and Exchange Commission (SEC) delayed making a decision on three bitcoin exchange-traded fund (ETF) proposals. The news put off the cryptocurrency’s rally: BTC will likely consolidate now.

Notice that with FBS you trade Bitcoin CFD.

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