Bitcoin tests the support – Analysis - 19-01-2018
Economies.com
2018-01-19 05:19AM UTC
Bitcoin price achieved good gains yesterday but it returns to test the first key support base 1111.60, as the price is affected by stochastic negativity and the pressure formed by the EMA50, and as we mentioned yesterday, holding above 10748.00 keeps the bullish trend scenario valid for the upcoming period, which its first target located at 12852.00.
Therefore, the bullish trend will remain valid unless we witnessed clear break and hold below 10748.00.
Expected trading range for today is between 10000.00 support and 13000.00 resistance
Expected trend for today: Bullish
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