BTC USD - Bitcoin Analysis for 17TH October, 2018

Ebitcoinics Analytics   17 Oct, 2018   www.economies.com   Views: 387

BTC/USD Analysis


Details


Bitcoin price did not show any strong move since morning, to continue fluctuating below 6,500.00 level, while stochastic begins to decline and exit the oversold areas, which supports the continuation of the bearish trend scenario in the upcoming sessions, whose next main targets located at 6,040.00 followed by 5,880.00, while achieving them conditions holding below 6,500.00.

 

Expected trading range for today is between 5,800.00 support and 6,700.00 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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