BTC/USD is trading around $11,000 without any major changes. The daily bull flag is the most important pattern to follow in the short-term. After its initial breakout, Bitcoin has continued to trade above $10,000 and closed above $11,000 on July 29. Trading volume is slowly decreasing and EMAs are catching up with the current price. BTC/USD daily chart Bitcoin price hasn’t changed much while investors figure out what’s the next move for Bitcoin. According to statistics from BitMEX, there are 86% long positions vs 13% short positions. Longs are worth $350 million in Bitcoin while shorts are only $55 million. This disparity is even higher for ETH which has around 94% in longs. BTC/USD 4-hour chart For the most part, the 4-hour chart has been sideways with Bitcoin losing the 12-EMA briefly. The 26-EMA will be a crucial support level to defend. 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 S&P 500 Price Analysis: The index just moved above the key support after a small scare FX Street 3 years BTC/USD is trading around $11,000 without any major changes. The daily bull flag is the most important pattern to follow in the short-term. After its initial breakout, Bitcoin has continued to trade above $10,000 and closed above $11,000 on July 29. Trading volume is slowly decreasing and EMAs are catching up with the current price. BTC/USD daily chart Bitcoin price hasn’t changed much while investors figure out what’s the next move for Bitcoin. According to statistics from BitMEX, there are 86% long positions vs 13% short positions. Longs are worth $350 million in Bitcoin while shorts are only $55 million.… 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.
