empty
 
 
14.11.2018 06:04 PM
BITCOIN Analysis for November 14, 2018

Bitcoin has been quite impulsive with bearish price swings today which made a certain formation of pushing much lower towards the $6,000 support area in the coming days. Despite the overall bullish bias in the market, certain bearish pressure puts a big question mark on the reliability of the bullish pressure for the coming days. The price is currently residing at the edge of recent lows which, if taken out, may lead to impulsive bearish pressure towards $6,000 from where certain bounce may be observed. Otherwise, a break below $6,000 will lead the price much lower towards $5,000 in the coming days.

SUPPORT: 5,000, 5,500, 6,000

RESISTANCE: 6,400, 6,500, 7,000

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 $1000 more!
    In October 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