Biycoin price prediction today 9th August 2018
- As our previously mentioned that the butterfly pattern indicate $ 4444. But as bitcoin mining expence are 5782$/BTC.
- so this is a fundamental barrier , so we belive that the price is not test below that price. Bitcoin price is hardly hold the fundamental barrier.
so news coming that for flactuation of market that SEC delay to september for ETF apporoval.
Bitcoin market is in selloff mode.
In previous post our trading range is between $6039 and $6900. And intraday low is $6128 and high is $6559.
Bitcoin price is showing serious decline about $6300. That is happen as per our prediction that shown on 4H chart.
Bitcoin price making little bullish bais before it decline toward $6039.
RSI signal shows that buyers are taking over. Stochastic signal show that seller might take a break.
- Bitcoin market is allready in selloff mode .
1st support level is $6039.
1st resistance level is $6610.
2nd support level is $5782.
2nd resistance level is $7150.
Expected treding of today between $5782 to $6610.
Today's trend is bearish.
Thats all
All inforormation are only for educational purpose.
Trading as per your risk.
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