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Cryptocurrency

Bitcoin price under slight selling pressure

OctaFx | Mar. 26, 2019
Bitcoin price under slight selling pressure

March 26, OctaFX Bitcoin price is coming under slight selling pressure on Tuesday after buyers failed to build bullish momentum above the $4,000 resistance level.

BTCUSD price analysis

The BTCUSD pair is testing Ichimoku cloud support on the four-hour time frame, with the $3,850 level major weekly support below. Bulls need to move price above the Kijun-Sen line, around the $3,975 level in order to regain bullish momentum.

  • The BTCUSD pair is only bullish while trading above the $3,850 level, key technical resistance remains at the $3,975 and $4,240 levels.

  • If the BTCUSD pair moves under the $3,850 level, sellers may test towards the $3,700 and $3,630 support levels.

Bitcoin price

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.