- Bitcoin (BTC) recovered above $11,300 after a sharp sell-off on Thursday.
- The local resistance of $11,500 remains unbroken so far.
Bitcoin (BTC) has been locked in a tight range under $11,500 for the third day in a row. A short-lived breakthrough attempt failed to yield any meaningful results. At the time of writing, BTC/USD is changing hands at $11,430, having gained about 1% both on a day-to-day basis and since the beginning of the day.
BTC/USD: The technical picture
Bitcoin tested area below $11,300 twice, but the sell-off was met with a fresh buying interest. Now $11,300 serves as strong support that is likely to slow down the bears in the short-term. This barrier protects the coin from a deeper decline to psychological $11,000 followed by the daily SMA50 at $11,800. BTC/USD has been trading above this technical level since the end of July. A sustainable move below this area will worsen the technical picture and allow for a move towards $10,000 reinforced by the daily SMA100.
On the upside, the recovery is locked by $11,500. Once it is out of the way, the upside is likely to gain traction with the next focus on $11,700 with the middle line of the daily Bollinger Band on approach. The next major resistance is created by $12,000.
BTC/USD daily chart
Repost from fxstreet , the copyrights all reserved by the original author.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。