BITCOIN Analysis for October 3, 2018 888011000 110888 Bitcoin sank below $6,500 area today which set off particular volatility in the market leading to indecision and corrections along the way. The price pressed listed below $6,500 location with strong impulsive bearish momentum which was instantly swallowed up by the bullish pressure however it stopped working to press higher above $6,500 area with a daily close. The vibrant levels such as 20 EMA, Tenkan and Kijun line have been acting as resistance previously which is expected to press the cost much lower as the rate stays listed below $6,500 area with a day-to-day close. Currently the rate is pressing lower once again simply listed below $6,500 location, the bearish pressure is anticipated to strengthen once again to press lower towards $6,000 area in the coming days.SUPPORT: 6,000, 5,500 RESISTANCE: 6,500, 7,500 BIAS: BEARISH MOMENTUM: VOLATILE The material has been supplied byInstaForex Company -www.instaforex.com

By | October 3, 2018

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