BITCOIN PRICE ANALYSIS JULY 9 2K18

Hello everyone,

Today i would like to talk about price analysis of bitcoin on july 9 2018, i will show you all information about bitcoin price.

before i start todays blog i would to know you about bitcoin everybody knows bitcoin but i want to tell you again in short.

WHAT IS BITCOIN???

bitcoin is the worlds first cryptocurrency a form of electronic cash and it is the first decentralized digital currency. bitcoins are sent from user to user on the peer to peer bitcoin network.

BACK ON TOPIC-

Bitcoin is forming a sort of bull-tunnel trend line, after getting supported by the Moving Average 50 days (purple line), Bitcoin had a quick gain, breaking up the 200 days Moving Average (pink), to re-test the $6800 resistance. The consolidation above $6600 is critical for the short term.

The big pictures is that Bitcoin is getting closer to a possible cross between MA-50 (purple) and MA-200 (pink). Just a reminder: the last time it crossed down, on May 15, Bitcoin had left the $9000 area and didn’t get back there.

Resistance levels are at $6800, $7000 and $7300.

Support levels lie at $6600 (MA-50) and $6400.

comment your opnion about it
thanku for reading
Mehul telaniya