Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

0

No products in the cart.

Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

BITCOIN Analysis for September 21, 2018

September 21, 2018 Analytics

[ad_1]

Bitcoin has managed to jump higher above $6,500 area and dynamic level of 20 EMA amid impulsive bullish pressure that indicates further bullish momentum for the coming days. The price finally managed to break out of the range which is also a positive sign of growth for the cryptocurrency which also explains the bullish force in Bitcoin which will push the price higher in the future. Meanwhile, the price is still quite impulsive amid the bullish pressure. If it remains stable until the day close, the price is expected to extend gains towards the resistance area of $7,500 and later towards $8,000 in the coming days. As the price remains above $6,000 area, the bullish bias is expected to continue.

SUPPORT: 6000, 6500

RESISTANCE: 7500, 8000

BIAS: BULLISH

MOMENTUM: IMPULSIVE

analytics5ba4ca113bf3e.png

The material has been provided by InstaForex Company – www.instaforex.com

[ad_2]

Source link

Write a comment