Kereskedési feltételek
Products
Eszkozok
Violet lines- Fibonacci retracements
Bitcoin was under pressure for most of the week as price broke below $21,000 and reached as low as $19,570 earlier today. Price has so far retraced more than 50% of the rise from $15,477. Bitcoin is now bouncing mostly because of Dollar weakness after the announcement of the non-Farm Payrolls in the US. The RSI has reached similar oversold levels as the low back in November when it was trading around $19,570. Short-term trend remains bearish. There is potential for more downside towards the 61.8% retracement, however traders need to be cautious as price might be oversold for the near term.
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.