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.
• If the buyers fail to regroup at this support, Bitcoin would be doomed for short-term bearish
After facing rejection around $10200 yesterday, Bitcoin has further dropped to the $9700 area we mentioned in our previous crypto trading signals. This hourly support has seen a small bounce but the price may keep dropping if the sellers are still showing commitment. If the bulls charge-back, however, Bitcoin would recover quickly towards the previous resistance levels.
Key resistance levels: $10000, $10200
Key support levels: $9600, $9200
Bitcoin (BTC) Price Analysis: 4H Chart – Bullish
Bitcoin is slowly correcting at the rising wedge’s support of $9600 on the 4-hours. The slight price drop was led by a strong resistance level of $10200. Meanwhile, Bitcoin is still looking bullish on a long-term. We can expect Bitcoin to bounce back once the market test the immediate blue zone of $9600.
From here, the market is expected to buy-back at $10000 and $10200 before breaking higher. If a rebound fails and Bitcoin slumps, the closest support to watch out for is the next blue zone of $9200, right beneath the wedge. This break would trigger a short-term bearish. But as it is now, Bitcoin remains bullish on the mid-term.
Bitcoin (BTC) Price Analysis: Hourly Chart – Bearish
On the hourly chart, Bitcoin is slightly bearish and currently trading around the $9700 support which would determine the next direction of the market. Two things are likely to happen here: a break or a bounce. This bearish move was triggered yesterday following a sharp wedge breakdown.
In case Bitcoin manages to bounce from this $9700 support, we should expect an upward price movement in no time. The $10000 and $10200 resistance would be the next target but Bitcoin needs to reclaim a near resistance at $9900. A further bearish move could floor BTC price at $9550 support, in the next blue horizontal zone. Bitcoin may fall heavily if the price drops below this support.
BITCOIN SELL ORDER
Sell: $9788
TP: $9658
SL: $9948
- 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