Permanecer 
Condições de Negociações
Ferramentas
Bitcoin seems to have carved an intermediate bottom around the $25,500 mark on Thursday. The crypto has reversed sharply since then as expected and has raised through the $30,900 high intraday. It is also carving a significant Morning Star candlestick pattern on the daily chart indicating a continued rally going forward.
Bitcoin is seen to be trading close to $30,500 at this point in writing and is expected to push through the $40,000 mark in the next several trading sessions. Please note that $40,000 is initial price resistance followed by $48,200; while interim support is now seen around the $25,500 level respectively.
Bitcoin has now carved a meaningful downswing between the $69,000 and $25,500 levels. Ideally, the crypto should retrace the entire drop at least towards the Fibonacci 0.618 level, which is seen through $52,400 as marked on the chart here. Traders would remain poised to initiate fresh long positions from current levels.
Potential rally towards $42,000 and $52,000 against $20,000
Good luck!
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.
