Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Bitcoin (BTC) Price Analysis: Hourly Chart – Bearish
Key resistance levels: $8300, $8500
Key support levels: $8100, $8000
The hourly chart is keeping Bitcoin’s price in a descending channel, although the market has reached the base of the channel after yesterday’s sell-off to $8100. Bitcoin is likely to recover a bit to $8300 and $8500 resistance if the price actions obey the channel formation. Otherwise, BTC may fall out of the channel.
Taking a look at the technical RSI indicator, Bitcoin has seen a small bullish crossover, trying to leave the oversold region. More so, the MACD moving averages cross is playing out in the negative zone. This suggests that a small price recovery is likely. However, Bitcoin is still holding support at $8100 and $8000 for now.
Bitcoin (BTC) Price Analysis: 30M Chart – Bearish
Since the market saw a sudden surge to $81000 yesterday, Bitcoin’s volatility has been contacting, suggesting a lack of interest amongst traders due to fear, uncertainty and doubt (FUD) in the market. However, a possible correction could play out to diagonal resistance at $8300 before the bears’ resume pressure on the 30-minutes chart. A further breach could also walk the bulls to $8500 resistance.
The RSI is now facing up after leaving the oversold region to reveal a potential retracement move. Similarly, the MACD is rising again, although Bitcoin is in the negative zone. If the MACD can produce a bullish crossover to confirm the RSI positive move, we can expect a strong price increase. Otherwise, bearish pressure may extend to $8100 and $8100 support in no time.
BITCOIN BUY SIGNAL
Buy Entry: $8178
TP: $8297
SL: 8035
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus