2018-9-27 09:33 |
Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,300, $6,100, $5,900
Yesterday, September 26, the BTC price was in a bullish trend. Price of Bitcoin now fluctuates above the $6,400 price level. This was the upper level of the previous price range of $6,200-$6,400. The bears had taken price to the low of $6,388.26 but price pullback above the upper level of price. The digital currency is approaching the $6,500 and may face resistance at the $6,700 price level.
On the other hand, if the price of Bitcoin falls into the previous range bound zone, the support zone of $5900-$6,075 will be revisited. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.
BTC/USD Short-term Trend: RangingOn the 1-hour chart, the BTC price is in a sideways trend. The BTC price tests the $6,400 price level and commences a bullish movement and then a range bound movement. The price is below the 12-day EMA and the 26-day EMA which indicates that price is falling.
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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