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 Remains Unstable and Has Not Been Able to Hold a Major Level
BTCUSD remains unstable amidst the tussle against opposing forces. The coin suffered a severe bearish blow around mid-August. This plunged the price to $25,800, where it was capped at $26,300. An attempt to surge upward resulted in a drop in consolidation. However, there is now a drop below the support, but the market has equally bounced back upward to hold on to the $25,800 support.
BTCUSD Key Levels
Supply Levels: $26,300, $30,000, $35,000
Demand Levels: $25,800, $25,250, $25,000
In the face of opposing market forces, BTCUSD suffered a substantial bearish setback in mid-August, causing its value to plummet to $25,800, where it encountered resistance at $26,300. An attempt to rally resulted in a return to consolidation. However, a recent breach below the support level was followed by a swift market rebound, which saw the price reassert itself at the $25,800 support level.
Presently, despite the persisting market instability, the indicators indicate a predominantly sideways movement with a slight bias favoring bears. The MACD (Moving Average Convergence Divergence) lines, driven lower by the mid-August downturn, have started to converge upward in a bid to restore equilibrium. Meanwhile, the 50-period Moving Average (MA) aligns itself as a resistance trendline above the market.
Bitcoin Market Expectations
The MACD has come agonizingly close to equilibrium on the 4-hour chart as the price rebounds towards the $25,800 level. While the resistance trendline is still hands above the price, the MA period 50 has dropped to act more as a support for the 4-hour candlesticks. The price remains fluctuating, with neither bulls nor bears having the upper hand. The next market movement will give us a better understanding of the market.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
