Mid Day BTC USD - Bitcoin Analysis for 18TH May, 2018

Ebitcoinics Analytics   18 May, 2018   www.economies.com   Views: 332

BTC/USD Analysis for 18TH May


Details

Bitcoin price attempted to break 8,000.00 level without managing to hold below it until now, while the EMA50 keeps pushing negatively on the price, to protect trading inside the minor bearish channel.

 

Therefore, our bearish overview will active for today conditioned by the price stability below 8,643.35, reminding you that our next main target is located at 7,000.00.

 

Expected trading range for today is between 7,400.00 support and 8600.00 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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