empty
 
 
27.07.2018 05:16 PM
BITCOIN Analysis for July 26, 2018

Bitcoin has been quite impulsive with minor price dips recently which led the price to reside below $8,000 with a daily close yesterday. Indeed, it comes as no surprise as the impulsive non-volatile momentum is obviously to be followed by certain pullbacks towards the dynamic level of 20 EMA before pushing higher with a target towards $10,000 in the future. Though the price is currently quite indecisive, the dynamic level of 20 EMA is still a bit far from the current price scenario. So, certain correction is expected in this case. As the price remains above $6,500 with a daily close, the bullish bias is expected to continue further.

SUPPORT: 6500

RESISTANCE: 8000, 10000

BIAS: BULLISH

MOMENTUM: CORRECTIVE AND 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