2018-11-13 08:46 |
Resistance Levels: $6,800, $6,900, $7,000
Support levels: $6,300, $6,100, $5,900
Yesterday, November 12, the price of Bitcoin was in a bearish trend. The BTC price broke the $6,400 price level and pulled back. In the other words, the price was fluctuating above the $6,400 price level. The crypto's price is still below the exponential moving averages(EMAs).
If the bears are available and more than the buyers, the bears will break the $6,400 price level and proceed to the critical support level. There will be no trade recommendation as the price is range bound. Meanwhile, the digital currency is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.
BTC/USD Short-term Trend: RangingOn the 1-hour chart, the price of Bitcoin is fluctuating above the $6,400 price level. The price bars are fluctuating above and below the exponential moving averages. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.
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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