empty
 
 
30.03.2018 08:30 AM
BITCOIN Analysis for March 30, 2018

Bitcoin has been quite impulsive with the bearish gains which lead the price to reside below the $6,500 price area which is currently being recovered with an impulsive bullish pressure in the market. There has been some worse news for Bitcoin whereas certain speculators are expecting Bitcoin to reach the Death Cross in the future. Though there have been some statements about Bitcoin being reliable and staying longer, but there has been equal number of bad forecasts as well. Moreover, Japanese regulators are again trying to regulate the cryptocurrency market which had a bad influence in the overall gain for Bitcoin in the process. As of the current scenario, the price is expected to show some bullish move towards the $8,000 price area which will lead to confluence of the dynamic level of 20 EMA and then again continue to the bearish trend with target towards $5,500. As the price remains below the $8,500 price area, the bearish bias is expected to continue.

This image is no longer relevant

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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