BITCOIN Analysis for February 12, 2019 888011000 110888 Bitcoin is currently trading at the edge of $3,600 after backtracking back to the price variety of $3,500-600 today. As expected the cost retested the assistance area with a daily candle light, which is presently pushing higher with a moderate speed while being held by the vibrant level of 20 EMA as support. The volume in Bitcoin is currently quite low due to the price pressure. A daily close above $3,600 will signify further bullish momentum with a target towards $4,000 in the coming days. As the price remains above $3,360 from where the price bounced with strong bullish pressure, the bullish momentum will push the rate higher in a spontaneous way.SUPPORT: 3,360, 3,500, 3,600RESISTANCE: 4,000, 4,250PREDISPOSITION: BEARISHMOMENTUM: VOLATILE The material has been supplied by InstaForex

By | February 12, 2019

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