Bitcoin Trend / 24-12-2017

On 22 Dec I wrote :

Breaking 13000.00 and hold below it will push the price towards 11600.00, followed by 10800.00 level.

On 23 Dec I wrote :

The recovery was expected but the gains are likely to be limited to 14500.00, as breaching this level and hold above it will push the price towards 15500.00 level.

So What Next!

• The price now around 13400.00 and if continue to move down, will be more slides toward 12000.00 level. If the price move up, will be limited to 14700.00 level.

• The trend still bearish and the price need to breach 15500.00 level and hold above it to cancel the bearish pressure. But I do not think, the price can breach major resistance near 15500.00 level at this stage based on technical indicators.

Expected trading for today :
is between 12000.00 support and 15500.00 resistance.

Expected trend for today:
Bearish.

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

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