{"id":27275,"date":"2020-08-14T17:35:09","date_gmt":"2020-08-14T14:35:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27275"},"modified":"2025-08-26T19:46:58","modified_gmt":"2025-08-26T16:46:58","slug":"a-trader-explains-which-bitcoin-price-levels-to-watch","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/a-trader-explains-which-bitcoin-price-levels-to-watch\/","title":{"rendered":"A Trader Explains Which Bitcoin Price Levels to Watch"},"content":{"rendered":"

A practicing trader and founder of the project Crypto Mentors<\/a>, Nikita Semov, discusses the current market situation.<\/p>\n

Markets tend to repeat formations. There is a sense that the current consolidation resembles May’s, but with lower volatility and a shorter duration.<\/p>\n

The logic of such ranges is very similar: a Shake Out after a rise that sweeps away long positions’ stops, accumulation in the gray zone near extremes, unsuccessful selling, and then a sharp rise that breaks local highs, which will mark a more global upthrust. Partial or full duplication of the previous scenario cannot be ruled out.<\/p>\n

\\\"Trader<\/p>\n

Bar-by-bar Analysis<\/h2>\n

On the daily chart, compare bar \u201cA\u201d and bar \u201cB\u201d (blue triangles). The pace of closes is clearly weakening\u2014this is linked to a softer selling pressure. Buyer-wave progress, by contrast, is rising, as we reach the same values more quickly, though from the same point the local revival signals a modest weakening of selling. From the horizontal at $12 160 there may be some bear reaction, but no strong impulses are expected. The primary long scenario is long-biased with some correction from the panic level. The big players in this range are loading into longs, and the price signals this.<\/p>\n

\\\"Trader<\/p>\n

Analysis of Horizontal Volumes<\/h2>\n

After a promising breakout from balance, the move did not continue, creating a local volume cluster to support it. At the time of writing we are hovering within accumulation, but globally the picture still looks not so promising for longs.<\/p>\n

\\\"Trader<\/p>\n

The most important resistance at the moment is the zone $11,980-$12,025, from which significant selling could begin. Clearing it would open a clear path to gains with new highs beyond 2019. At present, we can observe rotations within the range $11,570-$11,800 with breakouts, which are typical for weekends.<\/p>\n

\\\"Trader<\/p>\n

Delta Analysis<\/h2>\n

At the moment there is no clear dominance by either side, which is typical for a sideways accumulation. We can identify the zone $11,735-$11,770, actively defended by sellers, and without overcoming it further upside movement during the current day seems unlikely.<\/p>\n

\\\"Trader<\/p>\n

Conclusions<\/h2>\n

The odds of an upside breakout from the range are currently higher than a downside breakout. However, tactical reaction tools do not yet provide unambiguous interpretations or signals. We are watching the zones $11,980-$12,025 and $10,935-$11,000.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

A practicing trader and founder of the Crypto Mentors project, Nikita Semov, discusses the current market situation.<\/p>\n","protected":false},"author":1,"featured_media":27276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1253],"class_list":["post-27275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27275"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27275\/revisions"}],"predecessor-version":[{"id":27277,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27275\/revisions\/27277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27276"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}