BTC/USD just climbed above $11,450, setting a new 2020-high. The bullish momentum is notably strong but healthy consolidation is needed. Bitcoin has been trading inside a daily uptrend for the past week but has not consolidated just yet. This is not necessarily bad as the breakout above $10,000 was extremely important. The next resistance level is all the way up at $12,000, a psychological level followed by $12,300, a two-year high. BTC/USD daily chart Bitcoin price is currently at $11,443 and the daily bull flag is on the verge of a breakout, however, we could see a small rejection since Bitcoin is already quite overextended. The daily RSI is still around 82 points and trading volume has been decreasing since July 28. BTC/USD 4-hour chart BTC is getting rejected from the high at $11,457 and will need to hold the 26-EMA which has been untouched for the entire duration of the bull rally. 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 Bitcoin Weekly Forecast: Fasten your seatbelts, next stop is $12,000 FX Street 3 years BTC/USD just climbed above $11,450, setting a new 2020-high. The bullish momentum is notably strong but healthy consolidation is needed. Bitcoin has been trading inside a daily uptrend for the past week but has not consolidated just yet. This is not necessarily bad as the breakout above $10,000 was extremely important. The next resistance level is all the way up at $12,000, a psychological level followed by $12,300, a two-year high. BTC/USD daily chart Bitcoin price is currently at $11,443 and the daily bull flag is on the verge of a breakout, however, we could see a small rejection since… 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.
