BTCUSD $8,200 Possible

Bitcoin looks set for its worst trading week of the year so far, with the cryptocurrency increasingly bearish below the $9,200 level. The BTCUSD pair could now start to target major monthly technical support, which is located around the $8,200 level. BTCUSD medium-term sellers will likely target the $8,200 level if the $8,500 support level is broken today or over the coming days.

The BTCUSD pair is only bullish while trading above the $9,200 level, key resistance is found at the $9,800 and the $10,300 levels.

If the BTCUSD pair trades below the $9,200, sellers may test the $8,500 and $8,200 support levels.

Octa
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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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