Bitcoin Weak as Positive Trade Deal, Brexit Buoy Investors - newsBTC

Bitcoin slipped towards $7,000 this weekend as signs of growth in the U.S.-China trade deal and Brexit buoyed investors’ sentiment in risk-on markets. The leading cryptocurrency, which registered a 200 percent-plus price rally earlier this year against the U.S.-China trade war and Brexit uncertainties, dropped by as much as 4.02 percent since Friday.

Unfazed both as a safe-haven and risk-on asset, bitcoin’s next price moves are primarily driven by a technical setup. That said, bitcoin could test the redded area to attempt a pullback towards the Channel Resistance.

Timeline of