Mid Day BTC USD - Bitcoin Analysis for 15TH May, 2018

Ebitcoinics Analytics   15 May, 2018   www.economies.com   Views: 347

BTC/USD Analysis for 15TH May


Details

Bitcoin price settles below 8,643.35 level, and the EMA50 keeps pushing negatively on the price, which keeps the bearish trend scenario valid until now, which its next target located at 8,000.00 followed by 7,000.00.

 

We should note that confirming breaching 8,643.35 will stop the expected decline and push the price to head towards 10,748.00 as a first main target.

 

Expected trading range for today is between 8,000.00 support and 9,000.00 resistance

Expected trend for today: Bearish


NB

This analysis is for information purposes only and does not amount to a trade signal.


Thank you



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