HomeContributorsTechnical AnalysisBTCUSD Another Breakout

BTCUSD Another Breakout

Bitcoin staged yet another bullish breakout over the weekend, with the pioneer cryptocurrency reaching the $11,500 resistance level. Going forward, further upside advancement towards the $12,100 resistance level remains possible while price trades above the $11,100 area. Traders should be aware that a decline below the $11,100 level could cause a drop towards $10,800.

The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is found at the $11,500 and the $11,700 levels.

If the BTCUSD pair trades below the $11,100 level, sellers may test the $10,800 and $10,650 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