BTC USD - Bitcoin Analysis for 12TH December, 2018

Ebitcoinics Analytics   12 Dec, 2018   www.economies.com   Views: 316

Bitcoin price shows slight negative trades to approach $3,300.00 barrier now, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, which gets continuous support by the EMA50, reminding you that our next main target is located at 3,000.00.


Breaking this level will extend Bitcoin price’s losses to reach 2,500.00, while holding below 3,635.00 represents key condition to continue the expected decline.

 

Expected trading range for today is between 3,000.00 support and 3,600.00 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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