Bitcoin price achieves the first target – Analysis - 23-05-2018
Economies.com
2018-05-23 01:28AM UTC
Bitcoin price traded with clear negativity yesterday to touch our first waited target at 8000.00 and settles there now, waiting to break this level to confirm extending the bearish wave towards 7000.00 on the near term basis.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 8643.35 level and holding above it, noting that the EMA50 keeps supporting the suggested bearish wave.
Expected trading range for today is between 7500.00 support and 8400.00 resistance
Expected trend for today: Bearish
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