Bitcoin price tests the resistance – Analysis - 17-04-2019
Economies.com
2019-04-17 03:36AM UTC
Bitcoin price returns to test the key resistance 5237.73, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 4830.90.
Therefore, we will keep our bearish overview for the upcoming period, noting that breaching 5237.73 will stop the suggested decline and push the price to resume the bullish wave that its next target located at 5741.10.
The expected trading range for today is between 4800.00 support and 5300.00 resistance
The expected trend for today: Bearish
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