BTCUSD Under Pressure

Bitcoin has fallen to its lowest level of the month so far as the entire cryptocurrency market comes under heavy downside pressure. A major short-term range break from the $18,400 to $19,400 area has caused Bitcoin to fall back towards the $18,000 support region. According to the size of the range break, the BTCUSD pair could fall towards the $17,400 support area.

The BTCUSD pair is only bullish while trading above the $18,400 level, key resistance is found at the $19,000 and the $19,500 levels.

If the BTCUSD pair trades below the $18,400 level, sellers may test the $17,800 and $17,400 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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