BTC/USD has gone down from $8,589 to $8,560 so far today. The bulls and bears canceled each other out this Thursday as the price trended horizontally and ended around $8,588. The hourly BTC/USD chart shows us intraday resistance lies at $8,624.25, while the support is at $8,491.45. While the buyers and sellers have are effectively in a standstill, the daily confluence detector shows us that if the $8,600 resistance level is overcome, the price may spike up into the $9,000 zone.The $8,600 resistance level has the one-day Bollinger Band middle curve, 15-min Previous High, one-hour Previous High, four-hour Previous High and 15-min Bollinger Band upper curve.On the downside, the strongest support level is at $8,495 . It has the one-month Fibonacci 23.6% retracement level and one-day Fibonacci 38.2% retracement level. Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Stock Global broker scam Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Trendin Graphs forex broker Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .
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