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Bitcoin returns to decline – Analysis - 08-03-2018
Bitcoin price traded with strong negativity on yesterday’s evening to confirm breaking 10748.00 level and settles below the bearish trend line that appears on the above chart, to head towards achieving more decline on the intraday and short term basis, and the way is open to test 8643.35 level that represents the next main station.
Therefore, the bearish trend will be expected in the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 10748.00 will stop the current pressure and push the price to achieve gains again.
Expected trading range for today is between 8600.00 support and 10200.00 resistance
Expected trend for today: Bearish
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