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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

Bitcoin July, 29 2020

Technical Analysis
Wednesday, July 29, 2020 - 21:21
Point Trader Group
Bitcoin July, 29 2020

Overview:

The chart above shows that the pair is trading below a strong resistance level around 11266-11378, which enhances the downside opportunities during the upcoming period

Expected:

Continuing trading below the aforementioned resistance levels, may push the pair to descend to 11000

Alternative Scenario:

On the other hand, we see that if the 11378 level is broken up, the pair could be pushed up to 11500

 

Resistance113781150011773
Support110001095010823

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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