BTCUSD Turning Bullish

Bitcoin is started to gain upside momentum in the near-term, as the cryptocurrency firms above the technically important $10,800 level. Further bullish advancement towards the $11,100 and $11,400 levels remains possible while the price holds above the $10,800 level. To the downside, weakness below the $10,650 level could see the BTCUSD falling towards the $10,300 area.

The BTCUSD pair is only bullish while trading above the $10,650 level, key resistance is found at the $11,100 and the $11,400 levels.

If the BTCUSD pair trades below the $10,650 level, sellers may test the $10,300 and $10,100 levels.

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Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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