empty
 
 
21.12.2017 04:22 PM
BITCOIN Analysis for December 21, 2017

Bitcoin bearish pressure is still quite strong which lead the price to touch the $15,500 support area recently. Though the price has rejected off the $15,500 support area recently but the risk of breaking below it remains constant as bulls are currently quite weak to push the price higher. As of the earlier expectation about the price to be at $15,000 price area by the end of 2017 seemed to be a reality now. As of the current situation, Bitcoin is expected to remain under pressure for the coming days making the upcoming price action volatile and corrective in nature. Price is currently residing below the dynamic level of 20 EMA, Tenkan and Kijun line which has been working as a resistance to hold the price from further up moves. Currently the price is indecisive but expected to push lower towards $15,500 price area. If the price breaks below $15,500 with a daily close, then we will be looking forward for further bearish pressure with a target towards $12,000 price area. As the price remains above $15,000 price area, the bullish bias is expected to continue further but impulsive bullish pressure is expected to start after the price breaks above $18,000 price area in the future.

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback