Bitcoin price rises again – Analysis - 15-08-2018
Economies.com
2018-08-15 04:19AM UTC
Bitcoin price provided more positive trading to breach the resistance line again, on its way to test the EMA50, noticing that stochastic loses its positive momentum gradually, to support the chances of bouncing bearishly in the upcoming period.
Therefore, we will continue to suggest the overall bearish trend unless breaching 6440.00 level and holding above it, noting that breaking 6039.30 level is required to confirm extending the bearish wave towards 5500.00.
Expected trading range for today is between 5500.00 support and 6600.00 resistance
Expected trend for today: Bearish
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