Bitcoin price tests the moving average – Analysis - 17-08-2018
Economies.com
2018-08-17 04:17AM UTC
Bitcoin price fluctuates around the EMA50 since yesterday, which forms good negative pressure against the price’s positive attempts, while stochastic continues to provide the negative signals.
Therefore, we will keep our bearish overview for the upcoming period conditioned by the price stability below 6440.00 and the most important below 6530.00, noting that we are waiting to target 6039.30 followed by 5500.00 levels as next main stations.
Expected trading range for today is between 5900.00 support and 6700.00 resistance
Expected trend for today: Bearish
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