BITCOIN Analysis for July 6, 2018
July 6, 2018 1:21 pmVideo
Latest News
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- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
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- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
Bitcoin has been quite indecisive and low on liquidity at the edge of $6,500 area for a few days now which is still expected to push higher towards $8,000 area in the coming days. As recently more big names and countries like South Korea approving Cryptocurrency Exchanges as Financial Institutions, the Crypto industry as well as Bitcoin is expected to gain value in the future. Though the market is currently indecisive as the price remains above $6,500 area the bullish bias is expected to continue. As of the current scenario, dynamic levels like 20 EMA, Tenkan and Kijun lines are holding the price as support which is expected to increase the bullish momentum with certain extent leading to further bullish pressure in the pair with a target towards $8,000 in the future.
The material has been provided by InstaForex Company – www.instaforex.com
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