Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

12.07.201908:21 BITCOIN consolidating below $11,500 area to push lower. July 12, 2019

Bitcoin is trading in a bearish channel. Now it is residing at $11,000. However, it may rebound towards $11,500 again.

Bitcoin and the aggregated Crypto markets have continued to extend the downwards movement that they incurred yesterday, and Bitcoin is now approaching its next region of psychological importance that exists around $11,000. This downwards descent first began on Wednesday evening when Bitcoin rapidly surged to over $13,000, which sparked a significant amount of selling pressure that has extended into today's trading session.

Bitcoin is expected to push lower towards $10,000-500 support area. Like most cryptocurrencies, Bitcoin is under pressure. The prices of Bitcoin are back retesting the minor support line at $11,200. In a more optimistic assessment, buyers will be in control assuming there is a sharp rally, lifting prices above $14,000 or June 2019. Because of candlestick arrangements, sellers have the upper hand.


As of the current scenario, the price is currently being held by the dynamic level of 20 EMA, Tenkan and Kijun line as resistance while residing below $11,500 area with a daily close. Bitcoin is most likely to advance to $10,000-500 support area. As the price remains below $11,500 area with a daily close, the bearish bias is expected to continue.


SUPPORT – 10000, 10500, 11000

RESISTANCE – 11500, 12000, 12500



Exchange Rates 12.07.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by InstaForex Analyst,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
Widget calback
Our specialist
will call you back
in five minutes
We will navigate you
through the website and
answer all your questions!
Preferred Type of Connection
Preferred language
  • English
  • Русский
  • العربية
  • Bahasa Indonesia
  • Bahasa Melayu
  • বাংলা
  • Български
  • 中文
  • Español
  • हिन्दी
  • Asụsụ Igbo
  • Português
  • اردو
  • ไทย
  • Українська
  • Tiếng Việt
  • Èdè Yorùbá
A call-back request was accepted.
Our specialists will contact you as soon as possible.
An error occurred.
Please try again later.
Can't speak right now?
Ask your question in the chat.