2018-8-2 11:35 |
BTC/USD Medium-term Trend: Bearish
Resistance levels: $7,700, $7,800, $7,900
Support levels: $7,500, $7,400, $7,300
Yesterday, August 1, the Bitcoin price was in a Bearish trend. The bears took price to the low of $7,480.76. Presently Bitcoin price is making a bullish movement from its low. The BTC price is likely be in a sideways trend. However, the MACD line and the signal line are below the zero line which indicates a sell signal.
Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The relative strength index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.
BTC/USD Short-term Trend: BullishOn the 1-hour chart, the BTC price is in the support level of the market. The BTC price is making a bullish movement. The MACD line and the signal line are below the zero line which indicates a sell signal. 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
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