OctaFX_Official

BTCUSD $4,900 critical support

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is attempting to correct higher in early week trade after the BTCUSD pair found strong support from the $4,930 level last week. Buyers need to move the BTCUSD pair above the $5,200 level in order to regain bullish short-term trading momentum. Daily price closes above the $5,260 level should also encourage further gains, while daily price closes below the $4,930 level should be taken as bearish .

The BTCUSD pair is only bullish while trading above the $5,200 level, key intraday resistance is found at the $5,400 and $5,620 levels.
If the BTCUSD pair trades under the $5,200 level, sellers may test towards the $4,900 and $4,750 support levels.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out