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 Analysis: The Price May Drop Back to the $24810.0 Support Level
Bitcoin may drop back to the $24810.0 demand level after failing to sustain above the $30410.0 resistance level. The coin has experienced significant fluctuations since its surge from the $24810.0 support a month ago and currently remains below the $30410.0 resistance. This suggests weakness in the bulls’ efforts.
BTCUSD Key Levels
Supply Levels: $30410.0, $34760.0, $37790.0
Demand Levels: $24810.0, $19460.0, $16360.0
The market has shown a potential trend reversal, indicating a possible drop back to the support level at $24810.0. The coin’s failure to maintain its position above the $30410.0 resistance level for up to a month has resulted in a period of fluctuation. From the 15th of July until now, Bitcoin has slipped below the $30410.0 resistance level, signalling a lack of strength in the bulls’ efforts to push the price higher.
The Parabolic SAR on the daily chart further confirms this weakness, with its dots now placed above the candlesticks after the drop below the significant $30410.0 level. Additionally, the EFI (Elders Force Index) power line on the daily chart has slipped below the zero level, confirming the growing weakness among the bulls.
Market Expectations
On the 4-hour chart, buyers have a short reprieve, as the Parabolic SAR dots switch below the candles after a prolonged period above them. Also, the EFI power line is trending upward but remains predominantly negative. Investors are advised to stay vigilant and closely monitor the market’s direction over the next few days. If Bitcoin fails to climb above the $30410.0 level by next week, it may drop back to the support level at $24810.0.
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