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 Makes the Long-Awaited Rally Beyond $43,750
BTCUSD makes the much-anticipated rally, surpassing the crucial $43,750 level. After the market saw a dip in mid-January due to difficulties breaking through the $47,000 resistance, it continued to decline until late January, when it approached $38,000. However, a revival occurred at the lower channel border, initiating a renewed uptrend. Bitcoin is now poised to confront significant resistance in surpassing the key level of $43,750.
BTCUSD Key Levels
Supply Levels: $47,000, $50,000
Demand Levels: $43,750, $42,000
To exert upward pressure on the $43,750 level, the price underwent over a week of consolidation, with $42,000 serving as a pivotal demand level. This consolidation period has finally culminated in a breakthrough beyond resistance, propelling Bitcoin into a rally towards the elusive $50,000 price level. However, it must contend with the weekly $47,000 resistance level once again.
The MA Cross (Moving Average) on the daily timeframe initiated an upward cross at the crucial $42,000 level in early February. This upward trend is expected to persist, providing support to the daily candlesticks. The RSI (Relative Strength Index) line exhibited a significant upward movement from the 50 mark, reaching the overbought border, suggesting further upward momentum for the market.
On the 4-hour timeframe, despite the market being in an oversold condition according to the RSI indicator, crypto signals indicate an anticipation of additional upward movements. The 4-hour candlesticks’ supporting MA Cross lines serve as further evidence for this. The upcoming challenge lies in surpassing the $47,000 resistance level, with expectations high for continued positive market developments.
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
