Ebitcoinics Analytics 16 May, 2018 www.economies.com Views: 50
BTC/USD Analysis for 16TH May
Bitcoin price continues to decline to approach the intraday bullish channel’s support line, to keep the bearish trend scenario valid for the upcoming period, reminding you that our waited targets begin at 8000.00 and extend to 7,000.00, while holding below 8,643.35 represents the most important condition to continue the expected decline.
Expected trading range for today is between 7,500.00 support and 8,600.00 resistance
Expected trend for today: Bearish