Bitcoin price is currently at $11,090 after a massive breakout. BTC/USD is forming a clear daily bull flag. Bitcoin’s rally has a ton of momentum and trading volume keeping Bitcoin above $10,000. The daily EMAs haven’t caught up to the current price and there is really no resistance until well above $12,300. Bitcoin’s dominance has increased notably from 60% to 63% but it’s still low compared to its 70% peak in September 2019. BTC/USD weekly chart The most important resistance level is located at $12,325, established in August 2019. Next point is set at $13,862 and $14,000 psychological level. These are not strong resistance levels. Bitcoin is also now in a confirmed weekly uptrend and well above both EMAs. BTC/USD 4-hour chart Taking a closer look, we can observe Bitcoin in a 4-hour equilibrium pattern with a clear lower high at $11,199 and a higher low at $10,850. If any of these two levels break, Bitcoin will most likely get a lot of continuation in that direction. Bulls are definitely the favorite right now. 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 WTI extends the consolidation around $41.00 ahead of EIA, FOMC FX Street 3 years Bitcoin price is currently at $11,090 after a massive breakout. BTC/USD is forming a clear daily bull flag. Bitcoin’s rally has a ton of momentum and trading volume keeping Bitcoin above $10,000. The daily EMAs haven’t caught up to the current price and there is really no resistance until well above $12,300. Bitcoin’s dominance has increased notably from 60% to 63% but it’s still low compared to its 70% peak in September 2019. BTC/USD weekly chart The most important resistance level is located at $12,325, established in August 2019. Next point is set at $13,862 and $14,000 psychological level. These… 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.
