BITCOIN Analysis for January 11, 2019 888011000 110888 Bitcoin has been quite impulsive and non-volatile with the current bearish momentum after breaking listed below $4,000 location with a daily close. The rate is presently fixing itself near $3,500-600 support location from where particular pullbacks towards the dynamic level have been observed. The rate is expected to push lower towards $3,000 assistance area in the future. The Kumo Cloud resistance is increasing its width presently which might lead to additional excellent bearish pressure in the future. After breaking below 200 EMA, the cost action indicates the shift of sentiment in the market, hence producing the bearish pressure. As the price stays listed below $4,000 location with a daily close, the bearish pressure is expected to continue.SUPPORT:,3000, 3,500, 3,600RESISTANCE: 4,000, 4,250, 4,500BIAS: BEARISHMOMENTUM: NON-VOLATILE The material has actually been offered by InstaForex Company-www.instaforex.com

By | January 11, 2019

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