BTCUSD $10,500 Failure

Bitcoin is coming under downside selling pressure after bulls repeatedly failed to push the number one cryptocurrency above the $10,500 level. A bearish head and shoulders pattern is developing over the lower time frames, with the neckline of the pattern located around the $9,800 level. Moves back towards the $10,200 level may be seen as a selling opportunity this week.

The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is found at the $10,500 and the $11,000 levels.

If the BTCUSD pair trades below the $10,200, sellers may test the $9,800 and $9,200 support levels.

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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