Bitcoin (BTC/USD): unstoppable and looking for fresh highs

Bitcoin (BTC/USD): unstoppable and looking for fresh highs

2019-11-11 • Updated

Bitcoin is not giving the bears a truce and we have been seeing how it is consolidating above the psychological barrier of 14,000. The 200-hour moving average continues to guide the asset path in the short term and in very short periods of time we have seen slight attempts for sellers to take control of the BTC/USD.

The recent geopolitical tensions and the high demand for cryptocurrency worldwide are helping to give momentum in the short and medium term and it would not be surprising if we see higher levels. According to the Parabolic SAR put on the H1 chart, the bulls are trying to regain control of the situation with an enveloping candlestick.

We have seen in the past a rebound of Bitcoin on the 50-hour moving average and this break allowed it to gain momentum to move forward, which gives even more strength to the upward bias in the short and medium term. It is advisable to follow the latest news regarding the capitalization of Bitcoin globally since traders are relying on this type of guides to project the short-term goals in cryptocurrency.

What do we expect?

As we have mentioned previously, Bitcoin is expected to reach the psychological target of 15,000 in the coming hours. There is still no depletion in the oscillators in the short term, such as the RSI indicator, which is showing support for the higher minimums that cryptocurrency has been forming in the short term. We could be ahead of the formation of a bullish divergence in the RSI, which favors more increases in the BTC/USD, but what is certain is that we do not see a clear consolidation of the overbought in this indicator, at least in the H1 chart.



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

US Stock Market Recovers
US Stock Market Recovers

What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…

What to trade on May 30-June 3
What to trade on May 30-June 3

Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail! 

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.


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