What happened
Our expectations of BTC movements were right. Early last week it was going down to a $6400 minimum. But over the second half of the week, Bitcoin rate went up and tested a resistance level of $7800, which was exceeded over weekend.
http://bit.ly/2JRqS1d
What’s next
Now BTC is fluctuating around $8000. RCI indicator shows Bitcoin to be slightly overbought, while MACD signals of bull sentiment in the short term.
This week we might see testing of $7800 support level, and if Bitcoin jumps up, it will be testing $8500 resistance. And if this barrier is taken, Bitcoin open its way up to $10,000.
Disclaimer
Our price analysis is for information purposes only. Please make the Bitcoin purchase and investment decisions independently at your own risk.
Our expectations of BTC movements were right. Early last week it was going down to a $6400 minimum. But over the second half of the week, Bitcoin rate went up and tested a resistance level of $7800, which was exceeded over weekend.
http://bit.ly/2JRqS1d
What’s next
Now BTC is fluctuating around $8000. RCI indicator shows Bitcoin to be slightly overbought, while MACD signals of bull sentiment in the short term.
This week we might see testing of $7800 support level, and if Bitcoin jumps up, it will be testing $8500 resistance. And if this barrier is taken, Bitcoin open its way up to $10,000.
Disclaimer
Our price analysis is for information purposes only. Please make the Bitcoin purchase and investment decisions independently at your own risk.