The price of bitcoin is decreasing again - analysis - 05-12-2018steemCreated with Sketch.

in #bitcoin6 years ago

47299213_1072695232911205_5458634946220392448_o.png.jpg

The bitcoin price is below the neckline of the double top pattern, supporting our bearish outlook for the coming period, supported by the negative pressure formed by SMA 50, awaiting a move towards 3475.00 which is our next main target.
Stability below 4150.00 is important for the continuation of the expected decline, as breaching it will push the price to start recovery attempts targeting 4500.00 zones and then 5000.00 initially.
The trading range for today is among the support at 3400.00 and resistance at 4000.00
The general trend for today is bearish

Sort:  

Thank you for using Resteem & Voting Bot @allaz Your post will be min. 10+ resteemed with over 13000+ followers & min. 25+ Upvote Different account (5000+ Steem Power).