Expected trading for weekend is between 13000.00 support and 15700.00 resistance
Bitcoin price failed to accelerate higher and regain
the 16400.00 level, and falls under the bearish pressure
again to break 14400.00 level and hold below it.
So What Next!
Bitcoin price now is around 13350.00 and needs to recover above the 14400.00 area and hold in order to alleviate the bearish pressure.
Breaching 14400.00 level and hold above it will push the price up towards 15700.00 level.
Breaking 13000.00 level and hold below it will cancel the bullish wave, and will push the price to suffer more losses, towards 10700.00 level.
South Korea signaled a possibility of a shutdown of local cryptocurrency exchanges. Considering that South Korea accounts for nearly one-fifth trading volume in bitcoin, a crackdown on the local industry, if implemented, may dampen the sentiment around the cryptocurrency quite severely.
Expected trading for weekend:
is between 13000.00 support and 15700.00 resistance.
Expected trend for weekend:
Neutral.
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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