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 Reaches a Struggling Phase of Around $52,000
BTCUSD reaches a point of impasse around the $52,000 significant level. The market is in a challenging phase around this level, marking a pivotal juncture in its recent four-week journey. BTC buyers exhibited resilience, steering the market from $38,000, surging beyond $43,750, breaking free from the parallel channel, and attaining the $52,000 price level.
BTCUSD Key Levels
Supply Levels: $52,000, $55,000, $60,000
Demand Levels: $45,000, $47,000, $50,000
Despite the formidable efforts during this rallying phase, the price of Bitcoin has encountered an impasse, neither significantly rising nor falling but holding firm around the $52,000 mark. While the buying base maintains superiority over the selling base, the market has reached a temporary standstill, with expectations of a subsequent breakthrough.
The daily chart reveals the MA Cross upward movement initiated on February 1st, coinciding with the battle to surpass the $43,750 resistance level. This cross has since acted as crucial support, propelling the price higher. The Momentum indicator attains heights reminiscent of the bullish momentum witnessed in 2021, emphasizing the current strength in the market.
Examining the 4-hour timeframe, the market’s struggle at $52,000 has prompted a decline in momentum. At this juncture, the MA Cross exhibits lateral movement, reflecting the lack of clear direction. This scenario mirrors the previous challenge when ascending beyond $43,750, indicating anticipation for the bulls to navigate through and target $55,000.
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
