BTC/USD technical analysis: Price breaks lower as thin trading fails to inspire bulls
|- Bitcoin breaks intraday trendline.
- Volume is very low today amid no real market drivers.
- 10,100 support is the next target with 10,000 below.
 (10)-637025297529585009.png){kind=link}
On the 5-min BTC/USD chart prices are starting to break lower after a very slow news day. It was noted earlier that when good news like the Telegram story does not inspire a price rally we may be in dangerous territory.
The Stochastic has turned south into the oversold area with both the K and D lines in negative territory.
The MACD indicator's histogram has also crossed the mid-line into the red with the faster MA also crossing lower.
From a support point of view, there are now two major levels to watch out for. The 10,100 and 10,000 psychological level. It will be interesting to see if bulls come in to protect Bitcoin.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.