empty
 
 
11.09.2018 05:23 PM
BITCOIN Analysis for September 11, 2018

Bitcoin has been quite indecisive and volatile recently while residing inside the corrective range of $6,000 to $6,500 area with a daily close. The price has been quite impulsive inside the bearish bias earlier which led the price to reside inside the support area from where a definite impulsive breakout is needed for a further direction and momentum in the coming days. Currently the price is indecisive amid bearish pressure whereas the reduction of impulsive momentum inside the range indicates emerging weakness of bears in the process. A daily close above $6,500 is a must for further bullish momentum to take place in this market whereas the bearish pressure is expected to continue as it remains below $6,500 with a daily close.

SUPPORT: 6000, 5500

RESISTANCE: 6500, 7500, 8000

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