Wednesday trading session was influenced by a negative sentiment and risk-off mode after news on the introduction of additional duties worth 200 billion of Chinese goods.
On Monday and Tuesday, US market index S & P 500 traded higher to open lower on Wednesday.
If we look at bitcoin chart on H4 time-frame and higher, we can see the formation of an inverted "head and shoulders" pattern.
The trading session on Tuesday turned out to be positive for the US stock markets.
The period of good statistics from Germany, starting with PMI data released last week through factory orders and industrial production figures - ended today with disappointing data from the July ZEW index.
Bitcoin price remains above $ 6600 after an upward momentum at the weekend. Today, the first crypto currency market has moved to low-active trading and switched to consolidation in a narrow range.