Bitcoin tests the resistance – Analysis - 21/04/2014
2014-04-21 05:55:29 GMT (Economies.com)
Bitcoin tests the resistance – Analysis - 21/04/2014
 

Bitcoin price returns to fluctuate around the bearish correctional trend’s resistance after the EMA50 formed a strong support barrier against the price last decline, which makes us return to stay aside now and monitor the price behavior in the upcoming trading, especially according to the critical levels represented by 496.80-488.00 support areas and 548.00 resistance, where breaking the mentioned support levels will push the bitcoin price to target 400.00 then 339.40 levels again, while breaching the resistance represents a key for the price to get out of the bearish correctional track, to head towards targets that begin mainly at 624.00

 

Expected trading range for today is between: 440.00 and 600.00

 

Expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1777
0.0011
0.0909%
1.3220
0.0034
0.2597%
16.992
-0.056
0.329%
52.045
0.010
0.019%
57.85
0.10
0.17%
1276.740
-3.805
0.297%
 
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