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BTC/USD is trading around $47,839 turning a bit lower after an upward move from $43,117. In Ichimoku cloud terms price remains in a bearish trend but got rejected today at an important resistance. It is crucial for bulls to hold above $47,300, otherwise price will be vulnerable to a move lower.
Price got rejected today at the tenkan-sen (Red line indicator). This rejection if followed by a move below the kijun-sen (yellow line indicator) at $47,300 then we could see more sellers pushing price lower towards $43,000. Breaking below $43,000 will make price push lower towards cloud support at $37,000-$38,000. The longer price stays below the tenkan-sen the higher the chances of moving lower. Bulls need to recapture $50,325 in order to resume the up trend.Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.