Stay 
Trading Conditions
Products
Tools
Bitcoin rallied in the short term and now is trading at 20,859. It has climbed as much as 21,017 today where it has found temporary resistance. BTC/USD increased by 6.42% from yesterday's low of 19,750 to today's high.
In the last 24 hours, BTC/USD is up by 3.55% and by 8.95% in the last 7 days. The current rally boosted the altcoins as well. Now, the token has reached strong resistance levels, it remains to see how it will react.
BTC/USD reached the median line (ml), 20,870 former high, and the weekly R1 (21,009). These represent upside obstacles, so only a valid breakout may signal an upside continuation.
Technically, we have a strong supply zone around these upside obstacles. False breakouts or a strong bearish pattern could announce a new sell-off. Still, in the short term, its failure to stay under 19,666 signaled strong upside pressure.
A valid breakout above the median line (ml) and through the R1 (21,009) could confirm further growth and could help the buyers to catch a larger swing higher.
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.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
