HomeContributorsTechnical AnalysisBTCUSD Downside Risk Build

BTCUSD Downside Risk Build

Bitcoin remains under pressure on Tuesday, with the number one cryptocurrency so far finding technical support from just above the $9,450 level. Traders are turning more bearish towards the BTCUSD pair now that price is making lower lows on a weekly basis. Going forward, any moves back towards the $10,200 technical area are likely to be sold heavily over the short-term.

The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is found at the $10,500 and the $11,000 levels.

If the BTCUSD pair trades below the $10,200, sellers may test the $9,450 and $9,200 support levels.

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
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.

Featured Analysis

Learn Forex Trading