10 Apr 18 - Bitcoin Price Alert
2H Chart - Price Key Points:
- Consolidating for the past 34HRs.
- Under 50MA resistance for the past 10HRs.
- Upside is limited up to 200MA resistance @ approx $7215 (fair value).
- Indicators are positive.
- Average volume is diminishing.
- Overextended action, a decision is to be made soon.
Possible Scenarios :
Long: On a confirmed break above $6947 – Price Target $7215 | Probability: 36% | Signal Strength: 3/5
Neutral: Price Range $6709 - $6947
Short: On a confirmed break below $6709 – Price Target $6470 | Probability: 32% | Signal Strength: 2/5
Our Stance: Odds increase for a possible attempt to the upside.
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