Bitcoin is starting to look ready to rally once again after bulls were able to defend key technical support, around the $36,000 area. The BTCUSD pair is currently probing towards the top of a triangle pattern and looks set to rally towards the $40,000 resistance level. Technical analysis highlights the $37,400 level as the key battleground for BTCUSD bulls and bears on an intraday basis.
The BTCUSD pair is only bullish while trading above the $36,000 level, key resistance is found at the $38,600 and the $40,000 levels.
If the BTCUSD pair trades below the $36,000 level, sellers may test the $35,600 and $35,000 levels.
Written by Admin
Install your trader software at VPS server of one of the super fast providers:
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market...
Betterment launched a new savings option that pays users up to 2.69% interest.Source: BettermentTrading apps ...
Traders on the floor of the New York Stock Exchange.Source: NYSEStock futures were little changed ...
Construction worker make infrastructure repairs on the intersection of Church Avenue and Coney Island Avenue ...