Main Quotes Calendar Forum
flag

FX.co ★ BITCOIN Analysis for November 14, 2017

parent
Crypto Analysis:::2017-11-14T14:16:18

BITCOIN Analysis for November 14, 2017

Bitcoin has been quite corrective recently after being bounced off the $5,500 support area. The price has been struggling to surge higher since yesterday and break above the $6,700 price level which will break the resistance to proceed much higher in the future. After the drastic fall, the impulsive bullish pressure indicated that the bulls are still in the market and the downward move was not quite a market crash for the cryptocurrency. As of the current market situation, the price is forming a bullish flag at the edge of the resistance area of $6,500 to $6,700 which is expected to break above with an aim of proceeding higher towards $7,000 price area and later towards $8,000. As the price remains above $5,500 price level, the bullish bias is expected to continue further.

BITCOIN Analysis for November 14, 2017

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...