empty
 
 
13.07.2018 11:47 AM
BITCOIN Analysis for July 13, 2018

Bitcoin has been quite indecisive after the break below the $6,500 price area with a daily close, where the bullish bias is still trying to push the price higher in the future. The pressing question is which way Bitcoin is heading next. Though the price has been expected to push higher after breaking above $6,500 recently, but the bearish bias leading the price below the area did confuse the market sentiment for a bit now. Though big investors are still holding it, but the effect cannot be observed in the market. As of the current scenario, the price is residing above the $6,000 area after having certain bearish rejection with yesterday's daily candle for which the price is expected to push higher towards the $6,500 area and later towards the $8,000 area as it remains above $6,000 with a daily close.

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 $8000 more!
    In March we raffle $8000 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