Bitcoin price rebounds bearishly – Analysis - 16-08-2018
Economies.com
2018-08-16 04:38AM UTC
Bitcoin price bounced lower after forming a strong resistance obstacle by the EMA50 against the price last positive attempts, keeping the overall bearish trend active until now, targeting 6039.30 then 5500.00 levels mainly.
You should be aware that breaching 6440.00 and holding above it will stop the expected decline and pushes the price to recover on the intraday and short term basis.
Expected trading range for today is between 5800.00 support and 6600.00 resistance
Expected trend for today: Bearish
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