Bitcoin price loses momentum – Analysis - 15-10-2018
Economies.com
2018-10-15 04:33AM UTC
Bitcoin price keeps its stability below the resistance line that appears on the chart, supported by the EMA50 that meets this resistance, accompanied by witnessing clear overbought signals through stochastic.
Therefore, we believe that the chances are valid to resume the bearish trend in the upcoming sessions, which targets 6040.00 followed by 5880.00 levels as next main stations, while holding below 6500.00 represents key condition to continue the expected decline.
Expected trading range for today is between 5800.00 support and 6400.00 resistance
Expected trend for today: Bearish
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