Condiciones de negociación
Products
Herramientas
The price of bitcoin was in a corrective phase in the short term. It's traded at 40,168 at the time of writing and is fighting hard to rebound. Technically, the BTC/USD hovers right above a demand zone.
In the last 24 hours, BTC/USD is down by 2.28% and by 7.66% in the last 7 days. Bitcoin's drop forced the altcoins to drop as well. The price action signaled that the correction could be over.
As you can see on the H4 chart, BTC/USD found support on the median line (ML) of the descending pitchfork and on the 78.6% (39,862). Now, it challenges the downtrend line and the S1 (40,281).
Staying above the median line (ML) and making a valid breakout above the downtrend line may signal that downside movement ended and that BTC/USD could develop a bullish movement.
Technically, the down channel could represent a bullish pattern. Staying above the support zone, making a valid breakout above the downtrend line, and registering a strong consolidation could bring new long opportunities.
A potential upside movement could be invalidated by a new lower low, if the BTC/USD drops and closes below 39,218.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
Podemos utilizar cookies para analizar los datos de nuestros visitantes, mejorar nuestro sitio web y medir el rendimiento de la publicidad. En general, estos datos se utilizan para ofrecer una mejor experiencia en el sitio web. Más información.
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.