Ebitcoinics Analytics 17 May, 2018 www.economies.com Views: 56
BTC/USD Analysis for 17TH May
Bitcoin price shows calm negative trading since morning, and continues to move inside the minor bearish channel that appears on the chart, thus, no change to the bearish trend scenario that depends on holding below 8,643.35 level, while its targets begin at 8,000.00 and extend to 7,000.00.
Expected trading range for today is between 7,700.00 support and 8600.00 resistance
Expected trend for today: Bearish