Bitcoin price analysis – BTCUSD testing towards $9000

30 May 2019, OctaFX – Bitcoin price is once again testing towards the $9,000 resistance level after the recent technical pullback found strong buying interest from neckline support.

Bitcoin price technical analysis

The bullish pattern on the daily time frame still remains in play, which may eventually take the BTCUSD pair above the $12,000 level. Overall, the BTCUSD pair is set to close the month triple-digit gains and continues to ease towards the key $10,000 level.

  • BTCUSD price is bullish while trading above the $8,500 level, key resistance is found at the $9,000 and $9,600 levels.

  • If BTCUSD price trades under the $8,500 level, sellers may test towards the $8,300 and $8,000 support levels.

BTCUSD Price, Bitcoin price analysis


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.

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