empty
 
 
06.12.2017 05:12 PM
BITCOIN Analysis for December 6, 2017

Bitcoin has been quite impulsive with the gains and currently is residing at the record breaking price above $12,600. The impulsive move was non-volatile and very quick after the break above $11,700. Judging the current impulsive behavior of the cryptocurrency, the price is expected to reach $14,000 by the 10th or 18th of December when the Bitcoin Future is going to be launched. As Bitcoin is being legalized by more countries, the sentiment is quite in favor of the bullish run which is currently unstoppable. As of the current scenario, Bitcoin has been a bit corrective but being supported by the dynamic levels of 20 EMA, Tenkan, and Kijun line which are expected to push the price much higher with much deeper retracement along the way. As the price remains above $11,500 price area and dynamic levels of 20 EMA, Tenkan and Kijun line, the impulsive bullish bias is expected to continue further.

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