empty
 
 
19.09.2018 06:35 PM
BITCOIN Analysis for September 19, 2018

Bitcoin is still quite indecisive between the range of $6,000 to $6,500 from where the price is currently correcting itself. After the previous impulsive bearish momentum off the $6,500 area, it was quite obvious for the bears to take over and push the price lower towards $6,000, but instead, the price managed to counter with certain bullish pressure leading to indecision in the market. As of the current market scenario, the price is expected to push higher towards $6,500, where the dynamic level of 20 EMA also rests as resistance, and after rejecting off the level, certain bearish pressure with $6,000 as target is expected. As the price remains below $6,500 with a daily close, the bearish bias is expected to continue.

SUPPORT: 6,000

RESISTANCE: 6,500

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