Bitcoin has been struggling on Monday after another failed attempt to break higher levels. BTC/USD is currently finding support at the 55 EMA which is doing the job for now. BTC/USD 1-hour chart Bitcoin has had another go a breaking through the 10K mark earlier on in the session but once again failed. The only good news for the bulls is the fact that the purple support zone just above 9600 seems to be holding firm. The aforementioned level also confluences with the 55 hourly exponential moving average (EMA). This could give the zone more gravitas when trying to hold off the bears. Elsewhere, the Relative Strength Index (RSI) indicator languishes at the mid-line lacking any clear direction. It feels like this the bulls could be given another opportunity but if there is any failure the bears will take hold of the market and the support zones could be tested. The next major support level is the green horizontal line at 9200. That level is closer to the 200 simple moving average and would be interesting to see what happens there. Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Forex Today: Dollar smashed by risk appetite FX Street 2 years Bitcoin has been struggling on Monday after another failed attempt to break higher levels. BTC/USD is currently finding support at the 55 EMA which is doing the job for now. BTC/USD 1-hour chart Bitcoin has had another go a breaking through the 10K mark earlier on in the session but once again failed. The only good news for the bulls is the fact that the purple support zone just above 9600 seems to be holding firm. The aforementioned level also confluences with the 55 hourly exponential moving average (EMA). This could give the zone more gravitas when trying to hold… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
