BTCUSD $12,500 Up Next

Bitcoin has rallied to a fresh monthly trading high, with the pioneer cryptocurrency testing towards the $12,400 resistance level. BTCUSD bulls could now attempt to move the cryptocurrency above the $12,500 resistance level, and set a new 2020 trading high. Traders should note that the medium-term goal for BTCUSD bulls could be the 2019 trading high, around the $13,900 resistance level.

The BTCUSD pair is only bullish while trading above the $12,000 level, key resistance is found at the $12,500 and the $13,000 levels.

If the BTCUSD pair trades below the $12,000 level, sellers may test the $11,800 and $11,580 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