The biggest of cryptocurrencies is having a weak session today, with the price of Bitcoin falling below $29,000 and the bulls this time failing to pull it back above a key support that has now become resistance. In the wake of Bitcoin, other cryptocurrencies are mostly losing.
BITCOIN settled below the SMA100 on the D1 interval, which foreshadowed the closeness of the price bottom in March and preceded the rebound in June. However, looking at the somewhat slowing momentum rally, a test of $27,200 where the SMA200 (red line) is underway – a key zone for trend continuation – appears to be impossible.
Source; xStation5
X-Trade Brokers (XTB) is an international brokerage house that provides professional conditions for trading CFDs on forex, indices, commodities, cryptocurrencies and for investing in stocks and ETFs. It is constantly improving its services, which is evidenced by a number of international awards and confirmed by the domestic awards Broker of the Year and Forex Broker of the Year, won repeatedly at the MoneyExpo Investment Summit. For its clients, XTB offers professional trading platforms MetaTrader 4 and xStation 5 with an integrated calculator, free training, 24-hour customer support, free training and daily financial market news.
CFDs are complex instruments and, due to the use of financial leverage, are associated with a high risk of rapid financial loss. 72% of retail investor accounts experienced a loss when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your funds.
2023-08-17 19:04:04
#Bitcoin #testing #level #twomonth
/data/photo/2013/11/27/2131501google-15780x390.jpg?resize=150%2C150&ssl=1)