empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

13.06.201818:53 Forex Analysis & Reviews: BITCOIN Analysis for June 13, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Bitcoin has been quite impulsive with the bearish gains which lead the price to reside below $6,500 currently. Though there has been certain probability of bouncing off from the $6,500 area, as per the recent prediction by Bitcoin developer Willy Woo, the price has structured already to proceed much lower towards the $5,000-5,500 area in the coming days. As of the current scenario, the price is expected to push lower below $6,000 with a daily close which may lead to impulsive bearish pressure in coming days. As the price remains below $8,000, the bearish bias is expected to persist.

Exchange Rates 13.06.2018 analysis

InstaForex Analyst
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off