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

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

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

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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