Price Analysis BTC 02-01-2018 (Morning Analysis)

BITCOIN’s decline after failure failed to stabilize above 14409.00, to move within a bearish path shown in the chart above, supported by the negativity shown by Stochastic now, which signals the direction of the price to continue to decline over the coming period.

Therefore, the bearishness will be likely in the short term, and a break of 13167.00 will confirm the opening of the way towards the previous low at 11160.00, taking into consideration that breaching 13755.00 and 14409.00 will stimulate the return to resume the bullish trend, forming the beginning of a bullish path through The rising bottoms that show their features through the image.

The trading range for today is expected among the support at 12000.00 and the resistance at 14400.00