Stay 
Trading Conditions
Products
Tools
Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $9.053. Just recently news.Bitcoin.com reported on Bitpay launching bitcoin cash (BCH) integration for the firm's loadable Visa debit cards. Since then the company has implemented BCH invoice support for all of the firm's vendors, and now bitcoin cash can be spent with thousands of merchants worldwide. The technical picture looks bullish.
Trading recommendations:
According to the 4H time - frame, I found that price made a successful breakout of the resistance at the level of $8.570, which is a sign that buyers are in control. I aslo found a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of $9.701.
Support/Resistance
$9.053 – Intraday resistance
$8.570– Intraday support
$9.700 – Objective target
With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
