Midday Update for Bitcoin price 03/01/2018

in #bitcoin8 years ago (edited)


The price of the form is facing strong resistance at 50% Fibonacci at 15413.00, forcing the pair to offer some negative trading and testing the 14409.00 level before resuming the upside move again.

In general, we continue to favor the bullish direction for the day provided stability above the last level, supported by the arrival of Stochastic to oversold areas now, with a reminder of our main targets expected to start at 16416.00 and extends to 17658.00.

The trading range for today is expected among the support at 14409.00 and the resistance at 16416.00

The general trend for today is bullish

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