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Technical analysis

Bitcoin Price Struggles Around $3,600

OctaFx | Feb. 14, 2019
Bitcoin Price Struggles Around $3,600

February 14, OctaFX – Bitcoin is trading inside a triangle pattern on the lower time frames, with the BTCUSD pair once again confined to extremely narrow ranges.

Bitcoin Price Technical Prediction

Bulls failed to make progress above the $3,700 level, as the former weekly rally in the number one cryptocurrency stalls. A break below the triangle pattern would likely provoke a technical test of the important $3,460 support level.

  • The BTCUSD pair is strongly bullish while trading above the $3,700 level, key technical resistance is found at the $3,960 and $4,200 levels.
  • If the BTCUSD pair trades below the $3,460 level, key support remains at the $3,280 and $3,120 levels.

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.