- Technical analysis of the 1hour symmetrical triangle chart pattern for BTCUSD indicates a loss of momentum in both the downtrend and uptrend movements, suggesting a higher probability of a new trend emerging.
- An uptrendline drawn from $66,758.35 rejected the price at $69,101.30 after retracing from $71,972.43, with the current price around $69,973.02.
- A downtrendline drawn from $71,972.43 rejected the price at $71,000.00, with the current price also around $69,973.02.
- If the downtrendline is breached to the upside, there is a high likelihood of the price increasing further. Conversely, if the uptrendline is broken to the downside, the price is likely to decline further.
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
- An uptrendline drawn from $66,758.35 rejected the price at $69,101.30 after retracing from $71,972.43, with the current price around $69,973.02.
- A downtrendline drawn from $71,972.43 rejected the price at $71,000.00, with the current price also around $69,973.02.
- If the downtrendline is breached to the upside, there is a high likelihood of the price increasing further. Conversely, if the uptrendline is broken to the downside, the price is likely to decline further.
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)