BITCOIN Analysis for October 16, 2018 888011000 110888 Bitcoin is presently trading esiding inside a restorative tight variety in between $6,500 to $6,700 area after breaking above the $6,500 with strong momentum heading above $7,000 within simply 2 hours. The dynamic levels such as 20 Kijun, ema, and tenkan lines are presently suggesting a heavy correction in the market, whereas a tight variety signals that a strong breakout will come. The cost is presently consolidating above $6,500 location, from where the rate might break above $6,700 in addition to the Kumo Cloud resistance. The price is expected to climb up greater towards $7,500 and later on towards $8,000 area in the future. As the price remains above $6,000-6,500 area, the bullish predisposition is expected to continue further in the coming days.SUPPORT: 6,000, 6,500 RESISTANCE: 7,500, 8,000 BIAS: BULLISH MOMENTUM: VOLATILE The product has been provided byInstaForex Company -www.instaforex.com

By | October 16, 2018

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