empty
 
 
08.09.2022 04:37 PM
Bitcoin below $20,000 but with weak momentum.

This image is no longer relevant

Bitcoin is trading again below $20,000 after a few weeks above it. Price made no real progress to the upside and the downward move so far does not seem so scary to traders. Weekly trend remains bearish and we continue to target price levels below June lows. The weekly RSI is above oversold levels and so far we have not seen any bullish divergence. In the last 4 weeks price has started a new move lower. June lows are very important support. A break below this level will lead Bitcoin towards $15,000-$10,000.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback