empty
 
 
10.10.2018 06:22 PM
BITCOIN Analysis for October 10, 2018

Bitcoin pushed lower impulsively today but could not sustain the bearish momentum below $6,500, which caused a bearish false break. Currently the price is residing above $6,500 area amid moderate bullish pressure, so thta the price might find support from the dynamic level of 20 EMA in the process. Moreover, the Kumo Cloud resistance is currently quite thin which can be broken above quite easily even by the corrective bullish pressure. As the price remains above $6,500 area, the bullish bias is expected to continue. However, breaking above $6,600 area will lead to impulsive bullish momentum.

SUPPORT: 6,000, 6,500

RESISTANCE: 7,500, 8,000

BIAS: BULLISH

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 $5000 more!
    In November we raffle $5000 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