BTC USD - Analysis for 11TH February, 2019

Ebitcoinics Analytics   11 Feb, 2019   Views: 97

Bitcoin price’s rally stopped at the bearish channel’s resistance line that appears on the chart, to start bouncing bearishly and hint the continuation of moving inside the mentioned channel, which signals the price head to achieve more decline in the upcoming sessions, noting that surpassing 3,500.00 will confirm extending the bearish wave towards 3,110.00.


On the other hand, we should note that breaching 3,645.00 will stop the expected bearish bias and lead the price to turn to rise.


The expected trading range for today is between 3,000.00 support and 3,700.00 resistance

The expected trend for today: Bearish

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