Bitcoin price leans on the channel’s support – Analysis - 16-05-2019

Economies.com
2019-05-16 00:44AM UTC

Bitcoin price bounced upwards clearly after leaning on the bullish channel’s support line, which supports the continuation of our bullish overview efficiently in the upcoming sessions, and we believe that the way is open to achieve our next waited target at 8400.00.

 

The EMA50 continues to support the suggested bullish wave, which its continuation conditions holding above 7880.00.

 

The expected trading range for today is between 7900.00 support and 8400.00 resistance

The expected trend for today: Bullish

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