Mid Day BTC USD - Bitcoin Analysis for 17TH May, 2018

Ebitcoinics Analytics   17 May, 2018   www.economies.com   Views: 84

BTC/USD Analysis for 17TH May


Bitcoin price shows calm negative trading since morning, and continues to move inside the minor bearish channel that appears on the chart, thus, no change to the bearish trend scenario that depends on holding below 8,643.35 level, while its targets begin at 8,000.00 and extend to 7,000.00.


Expected trading range for today is between 7,700.00 support and 8600.00 resistance

Expected trend for today: Bearish


This analysis is for information purposes only and does not amount to a trade signal.

Thank you

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