Bitcoin price declined sharply yesterday
after approaching from the historical high recorded at 1163.00, as it
lost 250$ of its value to record 885.40 as yesterday's low, settling
below the bullish channel's resistance that appears on the above chart,
hinting that the price is on its way to achieve more decline in the
upcoming period according to the trading rules inside the price
channels.
Therefore, we expect the domination of
the bearish trend on the upcoming trading, to head towards targeting
924.50 followed by 779.00 levels, noting that the continuation of the
expected decline depends on the stability below 1037.40 level.
Expected trading range for today is between 900.00 support and 1037.40 resistance
Expected trend for today: Bearish
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Official W3Coins Representative in East Europe & Middle East
BitsRapid Marketing Head in Romania
+40 734 277 757
- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.