Bitcoin approaches the target – Analysis - 14-03-2018

Bitcoin price returns to fluctuate near 8643.35 level, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend scenario valid until now, reminding you that breaking the mentioned level will push the price towards 6039.30 that represents our next main station.

The price stability below 9600.00 is important to continue the expected decline, as breaching it represents positive factor that will lead the price to test 10748.00 areas again before any new negative attempt.

Expected trading range for today is between 8500.00 support and 10000.00 resistance

Expected trend for today: Bearish