Cryptocurrency

Bitcoin price rebounds from the resistance – Analysis - 11-02-2019

2019-02-11 05:25:11 GMT (Economies.com)

Bitcoin price’s rally stopped at the bearish channel’s resistance line that appears on the chart, to start bouncing bearishly and hint the continuation of moving inside the mentioned channel, which signals the price head to achieve more decline in the upcoming sessions, noting that surpassing 3500.00 will confirm extending the bearish wave towards 3110.00.

 

On the other hand, we should note that breaching 3645.00 will stop the expected bearish bias and lead the price to turn to rise.

 

The expected trading range for today is between 3000.00 support and 3700.00 resistance

The expected trend for today: Bearish

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