Bitcoin price is stable – Analysis - 17-10-2018
Economies.com
2018-10-17 04:46AM UTC
Bitcoin price keeps its stability below 6500.00 level, which keeps the bearish trend scenario active in the upcoming period, noticing that stochastic shows clear overbought signals, to support the chances for resuming the bearish trend that targets 6040.00 then 5880.00 levels on the near term basis.
On the other hand, you should be aware that breaching 6500.00 will stop the expected decline and leads the price to achieve positive targets that begin at 6880.00.
Expected trading range for today is between 5800.00 support and 6700.00 resistance
Expected trend for today: Bearish
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