Bitcoin price loses momentum – Analysis - 10-12-2018
Economies.com
2018-12-10 05:38AM UTC
Bitcoin price provided positive trades in the previous sessions but it faced solid resistance continuously formed by the EMA50, accompanied by witnessing clear overbought signals through stochastic, to start bouncing bearishly now, on its way to resume the recently suggested bearish trend.
Therefore, the bearish trend scenario will remain active in the upcoming sessions conditioned by the price stability below 3840.00, reminding you that our next main target is located at 3000.00.
Expected trading range for today is between 3000.00 support and 3700.00 resistance
Expected trend for today: Bearish
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