Bitcoin (BTC) Daily Price Forecast – December 11

2018-12-11 09:01

BTC/USD Medium-term Trend: Bearish Resistance Levels: $6,800, $6,900, $7,000 Support levels: $3,400, $3,300, $3,200

Yesterday, December 10, the price of Bitcoin was in a bearish trend. The crypto was in the bullish trend zone the previous day. Yesterday, the bears broke the 12-day EMA and the 26-day EMA and price fell to the bearish trend zone. The price of Bitcoin is ranging above the $3,400 price level.

On the downside, if the crypto’s price breaks the $3,400 price level the BTC price is likely to resume the downtrend. On the other hand, if the bulls break the $3,600 price level, the BTC price is likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. Yesterday, the crypto’s price was ranging above the EMAs before the bears broke the 12-day EMA and the 26-day EMA. The crypto’s price fell to the low of $3,500 and commenced a range bound movement below the EMAs. Meanwhile, the bullish candlesticks are testing the 12-day EMA, if price breaks the two EMAs, Bitcoin will rise.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research

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trend bearish price ema yesterday bitcoin levels

Источник: bitcoinexchangeguide.com

trend bearish → Результатов: 126


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