2018-8-16 12:27 |
BTC/USD Medium-term Trend: Bullish
Resistance levels: $6,400, $6,500, $6,600
Support levels: $6,300, $6,200, $6,100
Yesterday, August 15th, the price of Bitcoin was in a bullish trend. The support level at $6,000 was defended by the bulls. This accounts for the presence of the bullish trend. The BTC price becomes stronger and was approaching the previous highs of $6,500 and $7,000. Later, the BTC price was resisted at the price of $6,589.74.
The price of Bitcoin now fluctuates between the $6,000 and $6,500 price levels. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell 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 52 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 after being resisted at the $6,500 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
![]() ![]() ![]() ![]() ![]() ![]() |