Bitcoin (BTC) Daily Price Forecast – October 17

2018-10-17 10:33

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,500, $6,300, $6,100

Yesterday, October 16, the price of Bitcoin was in a sideways trend. In the last 24 hours, there has been no significant price movement. The crypto's price is ranging above the $6,700 price level. The price bars and the exponentials moving averages (EMAs) are horizontally flat.

The crypto's price is in the bearish trend zone. There is the likelihood of price falling to the support zone. Trading is not recommended as the market is quiet. Traders may wish to exit their positions so that they don't lose their capital in a ranging market. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The crypto's price and the moving averages are horizontally flat. Meanwhile, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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price ranging bitcoin levels trend october btc

Источник: bitcoinexchangeguide.com

price ranging → Результатов: 126


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