BTCUSD Buy The Dips

The BTCUSD pair has experienced a minor technical pullback, after finding strong technical resistance from just before the $10,800 level. The BTCUSD pair is still bullish while trading above the $9,900 level, with the preferred strategy to buy any dips below the $10,000 level. Overall, the daily time frame is still showing a large triangle pattern, with medium-term traders awaiting a breakout.

The BTCUSD pair is only bullish while trading above the $9,900 level, key resistance is located at the $10,800 and $11,000 levels.

If the BTCUSD pair trades under the $9,900 level, sellers may test towards the $9,450 and $9,100 support 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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