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.
Bitcoin Sellers Struggle to Break Below $25,800 Mark
Bitcoin (BTCUSD) has embarked on a downward trajectory following an extended uncertainty period around the $30,000 price level. Throughout this phase, the coin struggled to establish a firm foothold above this threshold. Ultimately, it faltered in finding the necessary support and broke out of its ascending channel, leading it to descend towards the $25,000 mark.
BTCUSD Key Levels
Supply Levels: $26,300, $30,000, $35,000
Demand Levels: $25,800, $25,250, $25,000
Remarkably, as the price swiftly rebounded upon reaching $25,250, the rebound lacked the vigor to breach the $26,300 resistance. Although the potential for further downward movement remains, sellers are exhibiting signs of exhaustion. This could precipitate a consolidation phase before the market indicates its future direction.
The market’s descent from the $30,000 level corresponded with trading below the MA period 80 (Moving Average) on the daily chart. The RSI (Relative Strength Index) line on the daily chart, indicates a state of severe overselling, thereby corroborating the retracement above the $25,800 significant level.
Market Expectations
On the shorter 4-hour chart, the MA period 80 looms over the market. Simultaneously, the RSI line exhibits a gradual ascent from its oversold position, echoing the signals provided by the daily RSI. Consequently, sellers are demonstrating diminished strength, allowing buyers to capitalize and secure the price above $25,800. This sets the stage for a potential phase of market consolidation.
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
