Bitcoin price surges above $10,000

Bitcoin price attempts to come out of the bearish loop, takes a leap towards price recovery, and trades above $10,000.

1 August 2019, OctaFX – Bitcoin bulls are growing increasingly confident after moving the price back above the psychological $10,000 resistance level.

Bitcoin price technical analysis

BTCUSD buyers could move price towards the $10,750 level, which represents the number one crypto’s former monthly pivot and also the July price open. Sellers need to move price back under the $9,440 level to encourage an attack on the $9,100 level.

  • The BTCUSD pair is bullish while trading above the $9,800 level, key resistance is located at the $10,700 and $11,100 levels.

  • If the BTCUSD pair trades under the $9,800 level, sellers may test towards the $9,400 and $9,100 support levels.

A picture containing fence, wire
                            Description automatically generated


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.

Share Your Opinion, Write a Comment