Bitcoin is trading just above flat on Friday as the market reaches a decicion point. The buyers seem to have run out of steam leading into key resistance areas. BTC/USD 1-Hour Chart Bitcoin has performed well over the last two sessions and now we are in a tricky area. Just before the price hit 9,200.00 the price met some resistance at the 1.618% extension in blue. This also confluenced with the red resistance line marked on the chart. It was also close to the 50% bigger Fibonacci retracement level. If the bulls have any chance of moving higher they will need to gather more volume to break the level. The green level is an important on the higher timeframes and needs to be watched closely if we do get an intraday push. For now the short term trend is still bullish but there is lots of traffic above current 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 OPEC+ deal failure: WTI oil crashes to lowest since 2016, USD/CAD surges to new hgihs FX Street 3 years Bitcoin is trading just above flat on Friday as the market reaches a decicion point. The buyers seem to have run out of steam leading into key resistance areas. BTC/USD 1-Hour Chart Bitcoin has performed well over the last two sessions and now we are in a tricky area. Just before the price hit 9,200.00 the price met some resistance at the 1.618% extension in blue. This also confluenced with the red resistance line marked on the chart. It was also close to the 50% bigger Fibonacci retracement level. If the bulls have any chance of moving higher they will… 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.
