Read graphs: the end of the week for the price of Bitcoin?


2018-09-14 13:45:06




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Soon the fall of Bitcoin can be stopped short of bullish rally. Cryptocurrency fixed above 6400 dollars and is slowly approaching several resistance levels. Analysis of technical indicators have been in .


1-day graph

Yesterday, the asset broke down earlier symmetrical triangle on the 1 hour chart. This movement was a new signal for the bears that tried to push the price to the level of the annual minimum. However, at around 6170 dollars the initiative was intercepted by the bulls and the value of Bitcoin retreated to higher ground.

Formed from the July figure was excellent support for the cryptocurrency. It seems, in a specified level asset found local bottom, where the forces of the bears dried up.

The buyers also hope for positive developments — if today's 1-day candle closes above 6400 dollars, there is hope for a short-term rally to resistance at 6830 dollars.

A break below the $ 6,100 will start a new wave plum cryptocurrency to 5750 dollars. However, such a scenario is unlikely — the bears are very difficult to break key support at the yearly low.

Today, trading at $ 6570 and occupies 55 percent of the market. The situation discussed .


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