empty
 
 
10.09.2018 03:39 PM
BITCOIN Analysis for September 10, 2018

Bitcoin has been quite impulsive with the bearish momentum recently which led the price below $6,500 with a daily close resulting in certain correction and indecision at the current market scenario. The price has been trying hard to push higher while residing inside the support area of $6,000-6,500, but the bullish momentum cannot be yet confirmed until the price breaks above $6,500 area with a daily close. The dynamic level of 20 EMA is also indicating a downward movement but having the price residing above $6,000 area with a daily close does indicate the bullish bias is still on and certain bullish comebacks can take place in the process. If the price breaks above $6,500 with a daily close, the bullish run is expected to continue with a target towards $8,000 area.

SUPPORT: 6000

RESISTANCE: 6500, 7500, 8000, 10000

BIAS: BEARISH

MOMENTUM: VOLATILE

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback