HomeContributorsTechnical AnalysisBTCUSD $9,300 Trigger Level

BTCUSD $9,300 Trigger Level

Bitcoin has started to push lower, following a series of failed attempts to anchor price back above the $10,000 resistance level. Technical analysis shows that short-term traders may consider selling the BTCUSD pair if price holds beneath the $9,300 level. To the upside, a breakout above the $9,900 resistance level could cause the BTCUSD to test the $10,500 resistance level.

The BTCUSD pair is only bullish while trading above the $9,300 level, key resistance is found at the $9,900 and the $10,500 levels.

If the BTCUSD pair trades below the $9,300, sellers may test the $8,700 and $8,100 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.

Featured Analysis

Learn Forex Trading