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Bitcoin loses momentum – Analysis - 16-03-2018
Bitcoin price settles around 8100.00$ level, and the price keeps its stability below 8643.35 level, to keep the negative pressure valid until now, supported by stochastic losing the positive momentum gradually, besides the negative pressure formed by the EMA50.
Therefore, the bearish trend will remain suggested in the upcoming sessions conditioned by the price stability below 8643.35, noting that we are waiting to visit 6039.30 level as a next station.
Expected trading range for today is between 7000.00 support and 8640.00 resistance
Expected trend for today: Bearish
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USDCHF breaches the resistance – Analysis - 16-03-2018
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