Bitcoin price resumes the decline – Analysis - 14-12-2018

Economies.com
2018-12-14 05:10AM UTC

Bitcoin price trades negatively to move below 3300.00 barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which gets continuous negative pressure by the EMA50, and the way is open to achieve our first waited target at 3000.00.

 

Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 3635.00, reminding you that breaking the targeted level will push the price towards 2500.00 as a next station.

 

Expected trading range for today is between 2800.00 support and 3500.00 resistance

Expected trend for today: Bearish

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