Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
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.
BTCUSD Bearish Pressure Denies a Bullish Run
The BTCUSD bearish pressure is currently denying the Bulls a free run. The Bitcoin market has expended much bullish strength over the past six weeks. This culminated in the market shattering its previous all-time high record. BTC price rose to $73,840, and the bulls eventually tired out. This paved the way for sellers to introduce downward pressure into the market.
BTCUSD Key Levels
Supply Levels: $75,000, $73,000, $69,000
Demand Levels: $64,000, $59,000, $47,000
As a result of the bullish weakness, the downward pressure caused the price to move downward and below the just-broken all-time high. Nevertheless, at $60,675, the buyers have revived and regrouped to regain dominance. This was achieved until BTCUSD rose to $71,750. The lingering bearish pressure in the market has resulted in a drop back to $64,000.
The daily candlesticks initially leaning heavily on the middle line of the Bollinger Band has now dropped below it, in addition to the $69,000 significant level. BTCUSD bulls are now restarting their potential rally from there. The Stochastic Oscillator lines highlight the latest bearish blow of the market by having its lines fall again towards the oversold border after reaching the 50 mark.
Market Expectations
On the 4-hour timeframe, the Bollinger Bands constricted around the candlesticks, giving rise to the possibility of an accumulation just before the price dropped below $69,000 and stretched down the lower Bollinger Band. The Stochastic Oscillator lines have just dropped below the oversold border but with potential to rise. It is anticipated that despite the lingering pressure, as in previous times, the buyers will accumulate until they find the right time to spike upward.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- 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
