Bitcoin price presses on the support – Analysis - 16-01-2019
Economies.com
2019-01-16 05:25AM UTC
Bitcoin price trades negatively to start pressing on the key support 3565.00, and as we mentioned in our last report, breaking this level is required to reinforce the expectations of continuing the main bearish trend, which its next target located at 3110.00.
Therefore, we will keep our bearish overview for the upcoming period supported by the EMA50 and stochastic negativity, noting that holding below 3920.00 represents the most important condition to achieve the suggested targets.
Expected trading range for today is between 3100.00 support and 3920.00 resistance
Expected trend for today: Bearish
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