Bitcoin Trend / 18 - 01 - 2018

 Expected trading for today is between 9200.00  support
and 12400.00 resistance  

Bitcoin price broke yesterday the 10000.00 level
and due the aggressive selling tested the 9200.00 level.

The price again in the fear zone and the trend still bearish
but a lot of investors as expevted, are buying bitcoin after
the slide, because they expect it to rise in value.

So What Next!

• Bitcoin value now is sitting around 10900.00 level and the volatility of bitcoin / and other crypto currencies / still expected, due a lot of panic in the market:

1. With South Korea, Japan and China about a regulatory swoop.
2. With officials in France and the United States vowing to investigate cryptocurrencies, there are concerns that global coordination on how to regulate them will accelerate.

• I wrote in my last post : "I believe the buyers will return around 10000.00 level and push the price again to the upside" and as expected a lot of investors bought at low prices around 9300.00 - 10000.00 range, the reason why I expect the WILD SWINGS to continue.

• The trend is still bearish, but technical indicators suggest a return in bullish momentum that might move the price up towards 12400.00 level.

Expected trading for today:
is between 9200.00 support and 12400.00 resistance.

Expected trend for today:
Bearish.

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

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