Bitcoin and Ethereum Price Analysis : 7th-July-2018

in #bitcoin4 years ago

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Big Investors already #Predicted #Bitcoin Target at $20000 by End of this Year. But the Main #Resistance Level is at $12000 which is looking difficult now. However if big Investors entered in the #Market this Target will be achieved very easily.

#BTC/USD

#Bitcoin is unable to cross the overhead resistance at $6900. Once this level is crossed, #Bitcoin will go at $7500+. #Bitcoin can also form Inverted head and shoulders (H&S) pattern. If #(H&S) pattern completes #BTC can go at #$7800.

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From Moving Average point it looks that bears are losing momentum. However, we might see a #Dip if #BTC form Inverted head and shoulders (H&S) pattern.

If #Cryptocurrency goes below $5900, #bullish view will be #invalidated. Please use stop losses accordingly.

#ETH/USD

#Ethereum, the bulls keeping it above $450. If #Bulls try to break at $550, #ETH can go at $600. The #Traders should enter the long position at $500 and keep #stoploss at $400.

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If the #bears break and sustain below $450, #bullish view will be #invalidated. #Ethereum will turn #Bearish if it breaks below $400 levels.

Please Leave #Comments about your Review on #BITCOIN Price In future and Bull Run.

Comment Your Choice #Cryptocurrencies to #Review In Future

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