Expected trading for today is between 6915.00 support and 7600.00 resistance
support at 6915.00 to protect the price from suffer more losses
100 SMA is above 200 SMA so the rally is more likely to continue
than to reverse.Stochastic is return in bullish momentum.
RSI is treading sideways so bitcoin price could follow suit.
EMA50 support the bullish trend.
Strengthening bitcoin volumes in Japan and South Korea could continue to prop it higher.
Breaching 7480.00 level and hold above it, confirm extending the bullish wave towards 8000.00.
Note, Breaking 6915.00 and hold below it will push the price for bearish correction again towards 6500.00 level before any new attempt to rise, as Bitcoin price has formed a classic reversal pattern on its 4-hour time frame as bearish pressure could kick back in, but bitcoin price has to break 6915.00 to confirm the drop.
Expected trading for today:
is between 6915.00 support and 7600.00 resistance.
Expected trend for today:
Bullish.
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That is really nice Bitcoin is still in bullish Trend.
Thanks for your daily report again! I was for some days in Vienna without internet access. But now I'm online again. In Vienna the are some bitcoin ATM's. You can see one in my post about my trip to this amazing city.
Welcome back
I miss your posts
I hope that you enjoyed in Vienna
Was checked and upvoted for the great content
@lordoftruth - Sir according to this we BTC can be at $7600 today.... Nice update & analysis of the market Sir....
To get more audience, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
Price needs to breach 7480.00 to can test 7590.00 level..
Warning; Breaking 6915.00 will stop the expected bullish trend..
Thanks for support and resteem..
Sorry, I am a little confused. I need some clarification:
In the main post, you stated that btc will move to 8000 should it hold above 7480.
In your reply to @steemwija you implied that it needs to test 7950. (sorry this should be 7590 and not 7950)
So, is this for today and 8000 for a slightly longer term. If so, how long?
Once again thank you for taking the time and trouble to post your analysis
Price needs to breach 7480.00 followed by 7590.00 levels to open the way to head towards 8000.00
@lordoftruth - Thank you very much for the further information Sir....
+W+
Thanks for sharing.
(((((( Resteem Service)))))))
Nicely analysed BTC trend
Great update BTC, Validation for BTC users.
Thanks for giving bitcoin information
Thanks for sharing
BTC to the moon !!!!!
damm this is going to be interesting to see
nice prediction
The outcome is Bitcoin has the potential to reach 8000$ level before the end of the year.