empty
 
 
21.06.2019 09:14 AM
Bitcoin. 9 800 it is! We are waiting for 10,000 and a downward correction

The exchange rate of bitcoin quite expectedly continued its growth and updated the resistance of 9,800. Only the level of 10,000 USD is ahead. After the test of which, there will be a large profit-taking. However, an update of a maximum of 10,000 USD will also indicate a gradual entry of large players into the market, which will retain the long-term upward potential.

Bitcoin (BTC) buy signal:

Buyers will probably try to break through above $ 9,800 today and get to the psychological level of 10,084, where I recommend taking profits. An unsuccessful breakdown of 9,800 will also lead to a dramatic decrease in bitcoin. In such a scenario, it is best to consider buying on a false breakdown from 9,520, or to rebound from 9,250.

Bitcoin Sales Signal (BTC)

Bears will operate in the region of 9,800, and an unsuccessful breakdown of this range will provoke a sharp closure of long positions with a decrease in cryptocurrency in the area of the minimums of 5,520 and 9,250, where I recommend taking profits. With further growth above 9,800, the maximum resistance will be the highs of 10,084 and 10,330, from where you can try to sell Bitcoin to the rebound immediately.

This image is no longer relevant

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback