BITCOIN Analysis for July 30, 2018 888011000 110888 Bitcoin has been rather corrective after having an impulsive break above $8,000 as continuing the bullish momentum with the target towards $10,000 in the coming days. Bitcoin has been quite optimistic and the bearish momentum just recently came across was the part of the trend play as retrace, the price is expected to press greater. After the spontaneous bullish pressure, the price has been rather indecisive for a few days and even today the price is a bit bearish but not rather with a guaranteed pressure. In this case, the price is anticipated to correct itself a bit more as the vibrant level of 20 EMA hold the rate and push it as support to a greater price point like $10,000 in the future. As the rate remains above $6,500 area, the bullish bias is expected to continue further.SUPPORT: 8,000, 6,500RESISTANCE: 10,000 BIAS: BULLISH MOMENTUM: CORRECTIVE AND VOLATILE The material has been offered by InstaForex

By | July 30, 2018

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