Bitcoin price confirmed breaking the
support of the bullish channel that appears in the image after closing
the daily candlestick below it, which puts the price under the bearish
correctional bias on the short term basis, where the first target
located at 1655.48, and extend to reach to 1509.74 after breaking the
previous level.
On other hand, breaking 1600.00 level
will complete forming double top pattern that has the ability to push
the price to extend its bearish correction and reaches to 1391.67,
therefore. We expect witnessing negative trading in the upcoming
sessions, unless managing to rally to breach 1750.00 then 1785.00 levels
and holding above it.
Expected trading range for today is between 1600.00 support and 1785.00 resistance
Expected trend for today: Bearish
with
M Samer Al Reifae
Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757
Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757
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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL BITCOIN, 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