Bitcoin price is stable – Analysis - 22-01-2019

Economies.com
2019-01-22 05:07AM UTC

Bitcoin price settles below 3565.00 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50, waiting to target 3110.00 level initially, noting that breaking this level will push the price to suffer more losses that reach 2500.00, while the expected decline will remain valid unless breaching 3920.00 level and holding above it.

 

Expected trading range for today is between 3000.00 support and 3700.00 resistance

Expected trend for today: Bearish

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