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21.09.201812:42 Forex Analysis & Reviews: BITCOIN Analysis for September 21, 2018

Long-term review

Bitcoin has managed to jump higher above $6,500 area and dynamic level of 20 EMA amid impulsive bullish pressure that indicates further bullish momentum for the coming days. The price finally managed to break out of the range which is also a positive sign of growth for the cryptocurrency which also explains the bullish force in Bitcoin which will push the price higher in the future. Meanwhile, the price is still quite impulsive amid the bullish pressure. If it remains stable until the day close, the price is expected to extend gains towards the resistance area of $7,500 and later towards $8,000 in the coming days. As the price remains above $6,000 area, the bullish bias is expected to continue.

SUPPORT: 6000, 6500

RESISTANCE: 7500, 8000

BIAS: BULLISH

MOMENTUM: IMPULSIVE

Exchange Rates 21.09.2018 analysis

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

InstaForex Analyst,
Analytical expert of InstaForex
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