BTC/USD got rejected again after closing above $12,000. Bitcoin bulls are trying to defend the daily 12-EMA to not lose all momentum. Bitcoin is currently trading at $11,733 after an extended pullback from the rejection at $12,481. Unfortunately, Bitcoin couldn’t hold its price above the crucial $12,000 resistance and then support level. BTC/USD daily chart Bulls are trying to defend the $11,768 support level (12-EMA) to maintain some of their momentum. Te last higher low is established at $11,125, a loss of this level would confirm a daily downtrend and a clear reversal. BTC/USD 4-hour chart Bitcoin is seeing an extended pullback here dropping below both EMAs which have just turned bearish. The next significant support level is located at $11,400 followed by $11,125 and of course, $11,000. 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 GBP/USD has dropped ahead of the FOMC Minutes, USD spikes FX Street 2 years BTC/USD got rejected again after closing above $12,000. Bitcoin bulls are trying to defend the daily 12-EMA to not lose all momentum. Bitcoin is currently trading at $11,733 after an extended pullback from the rejection at $12,481. Unfortunately, Bitcoin couldn’t hold its price above the crucial $12,000 resistance and then support level. BTC/USD daily chart Bulls are trying to defend the $11,768 support level (12-EMA) to maintain some of their momentum. Te last higher low is established at $11,125, a loss of this level would confirm a daily downtrend and a clear reversal. BTC/USD 4-hour chart Bitcoin is seeing an… 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.
