Midday update for bitcoin 16-10-2018

Economies.com
2018-10-16 09:41AM UTC

Bitcoin price shows sideways and tight trades since morning, settling below 6500.00, to keep the negative pressure suggested for today, supported by stochastic negativity, waiting to resume the bearish trend that targets 6040.00 followed by 5880.00 levels mainly, while holding below 6500.00 represents key condition to achieve the suggested targets.

 

Expected trading range for today is between 5800.00 support and 6700.00 resistance

Expected trend for today: Bearish

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