Bitcoin (BTC/USD): a buying wave could hit soon once again

Bitcoin (BTC/USD): a buying wave could hit soon once again

2019-11-11 • Updated

The volume of trading has not been high enough to cause volatile movements in the Bitcoin during the last days. The price remains above the 200-hour moving average and, according to our projections of the Fibonacci theory, we expect the support levels to remain intact in the short term.

We currently observe that the Fibonacci level of 23.6% continues to be an important pivot for the BTC/USD pair and once a breakout occurs above the highs of April 25, we could see a rebound towards the key psychological level of 10,000 However, as long as the Parabolic SAR remains under pressure, we expect the sellers to be favored in the coming hours.

BitcoinH1.png

Similar

Trade Ideas on September  6-10
Trade Ideas on September 6-10

Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…

Latest news

Walmart earnings outlook
Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera