Bitcoin price analysis 08-03-2017
As we saw in the last couple of days Bitcoin Prices has been struggling to keep up with our last support level 11210, that became now a resistance level. and the first support right now is 9320.
Therefore the price has gone down dramatically and reaches 9400 for a couple of hours before it bounces up directly and holding right now above 9900.
The trading range for today will be between 9320 and 11210.
For the current day and next trading session, we will keep neutral on bitcoin as there are now clear signs that it will break one of the there levels.
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, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price. WE MIGHT BE WRONG.
[IMAGE SOURCE: https://www.tradingview.com/chart/MRu1PAaB/]