Bitcoin price begins negatively – Analysis 16 July, 2019

Ebitcoinics Analytics   16 Jul, 2019   www.economies.com   Views: 270

Bitcoin price breached 10,600.00 level yesterday and settled above it, but we notice that the price begins today with clear negativity to attack this level, affected by the negative overlapping signal that appears through stochastic, which supports the chances of breaking the mentioned level and achieve more decline in the upcoming sessions.

 

Therefore, we suggest witnessing negative trades today, and the first main target is located at 9,855.80, taking into consideration that failing to achieve the required break will push the price to achieve more gains in the upcoming period.

 

The expected trading range for today is between 9,800.00 support and 11,000.00 resistance

The expected trend for today: Bearish


NB:


This analysis is for information purposes only and does not constitute a trade signal




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