BITCOIN Analysis for February 11, 2019 888011000 110888 Bitcoin is currently residing above $3,600 location after an impulsive bullish pressure bouncing off the $3,360 support location just recently. After breaking above the Triangle resistance with certain Bullish Divergence formation in place, the price managed to push greater above the event area of $3,500-600 with a daily close recently. The rate is presently anticipated to consolidate and remedy with certain bearish pressure along the way between the variety of $3,500-600 area before it begins to push greater towards $4,000 in the coming days. As the price stays above $3,500, the spontaneous bullish pressure is expected to continue further.SUPPORT: 3,360, 3,500, 3,600RESISTANCE: 4,000, 4,250BIAS: BEARISHMOMENTUM: VOLATILE The product has been provided by InstaForex Company

By | February 11, 2019

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