Bitcoin is having a pressure on it's support levels - 23-02-2017
Bitcoin Analysis 23-02-2017
Bitcoin has been trading out of the channel that we drew recently, the bottom line of the channel was at 11000 level, and after we break also the 50 Moving average and it stabilizes below it.
For the coming trading sessions, we will continue having pressure on the bitcoin price until we see the as good positive sign.
We expect the more bearish market for Bitcoin and our next target is around 8650. while the resistance level is sitting at 10700.
The trend for today 23-02-2017 will keep bearish until we see a good movement, therefore, we will update our analysis.
Thanks for your reading, help us by up-voting our post.
Have a good day and happy earning.
@ohamdache
------------------------------------------- DISCLAIMER ------------------------------------------
This is not an Investment advice, your are responsible on your own trades. We do provide technical analysis for current market situation and it's a prediction for the currency price. WE MIGHT BE WRONG.
[IMAGE SOURCE: economies.com]
It seems like we will be seeing more downward trend from here. Hopefully things will settle down soon. On a side note this is also a great opportunity to buy. Thanks for the latest price update.
With every red day i take it as a good opportunity to buy more. Hope it cover back.
In my opinion the Good Bull trend is see it from 1 march.
This is not an investment advice. Be safe.
Keep this up, Followed you for more :)
Thank you, I appreciate that.
You got a 31.66% upvote from @ipromote courtesy of @ohamdache!
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