2018-8-17 11:38 |
BTC/USD Medium-term Trend: Bullish
Resistance levels: $6,400, $6,500, $6,600
Support levels: $6,200, $6,100, $6,000
Yesterday, August 16, the price of Bitcoin was in a bullish trend. The bulls took price to the high of $6,421.22 and were resisted by the bears and price fell to the low of $6,248.11. Today, the price of Bitcoin has made another bullish movement and it is currently trading at $6,432.11 as at the time of writing. Now since August 9, the BTC price had not been able to break the $6,500 price level. For price of Bitcoin to reach the highs of $7,000, and $8,000, the resistance at $6,500 must be broken.
However, if the price is being repelled again at the $6,500 price level, traders should initiate a short trade and exit near the support level.Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 54 which indicates that price is in the sideways trend zone.
BTC/USD Short-term Trend: BullishOn the 1-hour chart, the BTC price is in a bullish trend. The BTC price is rising and approaching the $6,344.41 price level. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicate that a bullish trend is ongoing.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
origin »Bitcoin (BTC) на Currencies.ru
![]() ![]() ![]() ![]() ![]() ![]() |