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17.07.201810:36 Forex Analysis & Reviews: Bitcoin analysis for July 17, 2018

Long-term review

Exchange Rates 17.07.2018 analysis

Trading recommendations:

Recently, Bitcoin has been trading upwards. As I expected, the price tested the level of $6.718. According to the H1 time - frame, I found strong demand on the market and potential running flat correction, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward target and key resistance is set at the price of $6.772.

$6.718 - Intraday resistance; $6.541 – Intraday support; $6.772 – Objective target;

With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Petar Jacimovic,
Analitickog eksperta
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