BTC/USD is currently trading at $11,203 after some brief consolidation. Bitcoin suffered a significant flash crash but managed to recover almost instantly. Bitcoin has been somewhat flat in the past two days after a dip to $10,583 caused by someone placing several large orders on Binance’s quarterly futures contract. The whale made Bitcoin price almost reach $100,000 on Binance and triggered bots in the spot market creating a massive sell wave. BTC/USD 4-hour chart The recent dip was actually helpful for Bitcoin, the RSI has cooled off and Bitcoin is ready for the next leg up. Unfortunately, the 12-EMA and the 26-EMA are on the verge of a bear cross but, bulls have established a higher low and only need to climb above $11,482 to confirm a 4-hour uptrend. BTC/USD daily chart The 12-EMA is slowly catching up with the current price but it’s still only at $10,849. If Bitcoin sees another pullback, bulls can use both EMAs as support levels. On the daily chart, the only resistance level is $12,112 followed by $12,325, the high of August 2019. 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 EUR/USD erases losses and rises above 1.1750 as US dollar retreats FX Street 2 years BTC/USD is currently trading at $11,203 after some brief consolidation. Bitcoin suffered a significant flash crash but managed to recover almost instantly. Bitcoin has been somewhat flat in the past two days after a dip to $10,583 caused by someone placing several large orders on Binance’s quarterly futures contract. The whale made Bitcoin price almost reach $100,000 on Binance and triggered bots in the spot market creating a massive sell wave. BTC/USD 4-hour chart The recent dip was actually helpful for Bitcoin, the RSI has cooled off and Bitcoin is ready for the next leg up. Unfortunately, the 12-EMA and… 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.
