empty
 
 
27.08.2018 04:45 PM
BITCOIN Analysis for August 27, 2018

Bitcoin has been quite corrective and volatile after it broke above $6,500 with a daily close recently. Bitcoin is still quite indecisive, struggling for gains. This dynamic is expected to encourage further bullish momentum in the coming days. The price is residing above dynamic levels of 20 EMA, Tenkan and Kijun line that is indeed a great sign of a further upward move, whereas the Chikou Span has also cleared the price line to ensure an impulsive momentum in the short term. As for the current scenario, despite the certain correction and volatility, BTC price is expected to push towards $8,000 as it remains above $6,500 area with a daily close.

SUPPORT: 6000, 6500

RESISTANCE: 7500, 8000

BIAS: BULLISH

MOMENTUM: VOLATILE AND CORRECTIVE

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 $10000 more!
    In January we raffle $10000 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