The price of the Bitcoin achieves the expected target - Analysis - 02-02-2018
bitcoin·@ohamdache·
0.000 HBDThe price of the Bitcoin achieves the expected target - Analysis - 02-02-2018
https://steemitimages.com/0x0/http://www.returnofkings.com/wp-content/uploads/2014/08/bitcoin-gold.jpg http://www.fxnewstoday.ae/AjaxGetImage?image_name=1517549365.png The price of Bitcoin succeeded to achieve our target at 8643.35 after yesterday's strong decline, and starts today further decline to break the mentioned level and try to hold it below, which signals the direction of the price to suffer more losses in the short and medium term, paving the way for the trend towards 6039.30 as a station Next key. Therefore, the bearishness will remain bearish during the coming sessions, supported by the negative pressure formed by SMA 50, noting that the breach of 9390.00 will release the price from the current negative pressure and push for attempts to recover targeting the areas 10748.00 - 11160.00 initially. The trading range for today is among the support at 7500.00 and resistance at 9390.00 The general trend for today is **bearish** ------------ Thanks for your reading, help us by up-voting our post. Have a good day and happy earning. @ohamdache ------------------------------------------- DISCLAIMER ------------------------------------------ This is not an Investment advice, your are responsible on your own trades. We do provide technical analysis for current market situation and it's a prediction for the currency price. WE MIGHT BE WRONG. ------------------ TAGS: bitcoin blockchain cryptocurrency market analysis
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