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04.07.201813:23 Forex Analysis & Reviews: BITCOIN Analysis for July 4, 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 impressive with the recent bullish gains but it failed to sustain the momentum, leading to certain bearish intervention in the process. In light of the recent reports, Bitcoin is still bullish despite the pullback. Such a pullback is now considered as a retracement before impulsive bullish momentum in the short term. As for the current scenario, the price is expected to push higher towards $8,000 area in the coming days as it remains above $6,000-6,500 area with a daily close. As the dynamic level of 20 EMA is holding the price as support, the bullish momentum in the coming days is more likely.

Exchange Rates 04.07.2018 analysis

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