Midday update for bitcoin 14-08-2018
Economies.com
2018-08-14 10:58AM UTC
Bitcoin price shows some slight bullish bias after testing the previously breached resistance of the bearish channel that appears on the chart, to fluctuate around 6039.30 level that was broken previously, while the EMA50 keeps pressing negatively on the price.
Therefore, we will keep our bearish overview as long as the price is below 6545.00 level, reminding you that our next main target is located at 5500.00.
Expected trading range for today is between 5300.00 support and 6545.00 resistance
Expected trend for today: Bearish
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