Mid Day BTC USD - Bitcoin Analysis for 16TH May, 2018

Ebitcoinics Analytics   16 May, 2018   www.economies.com   Views: 78

BTC/USD Analysis for 16TH May


Details

Bitcoin price continues to decline to approach the intraday bullish channel’s support line, to keep the bearish trend scenario valid for the upcoming period, reminding you that our waited targets begin at 8000.00 and extend to 7,000.00, while holding below 8,643.35 represents the most important condition to continue the expected decline.

 

Expected trading range for today is between 7,500.00 support and 8,600.00 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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