After massive volatility caused by several large orders on Binance quarterly contracts, Bitcoin is now stable again. BTC/USD was as high as $12,112 before the flash crash to $10,583. Bitcoin is currently trading at $11,405 and has confirmed an hourly uptrend trying to climb back above $12,000. The overall bullish sentiment is still there but it’s obvious that investors are a bit less inclined to push the price up. BTC/USD 1-hour chart After a confirmed uptrend, buyers were able to bring BTC’s price above both EMAs which have crossed bullishly again. Now, Bitcoin is facing no real resistance levels until the high at $12,112. The next major resistance point after that is $12,325 and then $13,862, the 2019-high. BTC/USD weekly chart On the weekly chart, buyers are currently forming a bull flag and EMAs are trying to catch up with the price. Again, there are only two resistance levels here as well which means bulls won’t really have a hard time climbing towards $14,000. 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/MXN: Mexican peso loses a key technical level, pair likely to approach 23.00 FX Street 3 years After massive volatility caused by several large orders on Binance quarterly contracts, Bitcoin is now stable again. BTC/USD was as high as $12,112 before the flash crash to $10,583. Bitcoin is currently trading at $11,405 and has confirmed an hourly uptrend trying to climb back above $12,000. The overall bullish sentiment is still there but it’s obvious that investors are a bit less inclined to push the price up. BTC/USD 1-hour chart After a confirmed uptrend, buyers were able to bring BTC’s price above both EMAs which have crossed bullishly again. Now, Bitcoin is facing no real resistance levels until… 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.
