Bitcoin is range-bound with the bearish bias on Monday. The local resistance is created by a psychological $9,000. Bitcoin (BTC) is moving with a short-term bearish bias with the local support created at $8,700. This barrier attracted new buyers during the recent sell-off and helped to engineer the recovery. However, the upside momentum is nowhere to be seen as the price stays away from $9,000 that was broken on Sunday amid massive sell-off on the cryptocurrency market. At the time of writing, BTC/USD is changing hands at $8,760, down nearly 4% on a day-to-day basis and unchanged since the beginning of the day. The short-term momentum remains bearish, with the RSI on the intraday charts flat, which means, the coin may continue the moving inside the range. BTC/USD 1-hour chart Let’s have a closer look at support and resistance levels clustered around the current price. Resistance levels $8,800 – 4-hour SMA200, 1-hour SMA10 $9,000 – 1-hour SMA50, 23.6% Fibo retracement weekly, 61.8% Fibo retracement daily $9,300 – an middle line of the dailyBollinger Band, 4-hour SMA100 Support levels $8,700 – 23.6% Fibo retracement monthly $8,200 – 38.2% Fibo retracement monthly $8,000 – Pivot Point 1-week Support 2. 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 USD/COP: Limited enthusiasm for the peso to drag the pair to 3600 by year-end – CIBC FX Street 3 years Bitcoin is range-bound with the bearish bias on Monday. The local resistance is created by a psychological $9,000. Bitcoin (BTC) is moving with a short-term bearish bias with the local support created at $8,700. This barrier attracted new buyers during the recent sell-off and helped to engineer the recovery. However, the upside momentum is nowhere to be seen as the price stays away from $9,000 that was broken on Sunday amid massive sell-off on the cryptocurrency market. At the time of writing, BTC/USD is changing hands at $8,760, down nearly 4% on a day-to-day basis and unchanged since the beginning… 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.
