BITCOIN Analysis for October 9, 2018 888011000 110888 Bitcoin has been rather indecisive with the recent price action. The rate jumped greater above $6,600 yesterday. Today, the rate reversed its direction, dropping lower at very same strength today. The total trend momentum is viewed as neutral in the existing market scenario. The rate has actually been spontaneous amidst the bearish pressure, having a bearish Tenkan and Kijun line cross along with Kumo Cloud break below. The price is still anticipated to climb greater as it remains above $6,000-6,500 location. The cost may correct a bit more in the coming days prior to pressing greater, whereas a break above $6,600 once again is not dismissed which might result in a spontaneous bullish relocation in the coming days. SUPPORT: 6,000, 6,500RESISTANCE: 7,500, 8,000BIAS: BULLISHMOMENTUM: VOLATILE The material has been supplied by InstaForex

By | October 9, 2018

Leave a Reply

Your email address will not be published. Required fields are marked *