Bitcoin : Update 12 Apr 2018

in #bitcoin • 7 years ago

Hi Steemit Friend,

Btc 1H.png

A moment ago Bitcoin price was moving sideways, recently trading in between support level at $6500 & Daily resistance at $ 7400. Usually sideway movement is signal for pause in trend or first sign of reversing direction, basically Bitcoin it’s looking for an uptrend or continuing downtrend so keep an eye for that because sooner or later price will leave this zone.

Btc Daily.png

Daily chart says that Bitcoin is still on downtrend but right now it’s consolidating below $ 7400. Nearest potential support is at $ 5800 and Resistance level is between $ 7400 and major trendline.

Let’s See...

Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.

#cryptocurrency #money #trading
7 years ago in #bitcoin by
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