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11.07.201817:18 Forex Analysis & Reviews: BITCOIN Analysis for July 11, 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 bearish pressure recently which pushed the price to reside below $6,500 but it managed to sustain the momentum above $6,000 support area. Despite having no negative fundamentals recently, the old conditioning is still assumed to be impacting the Bitcoin growth process. As of the current scenario, the dynamic levels are all cluttered while the bullish bias is still in the momentum. The Average True Range is still quite low indicating low liquidity in the market. As the price remains above $6,000 area, bulls are expected to interfere to push the price higher above $6,500 with a target towards $8,000 in the future.

Exchange Rates 11.07.2018 analysis

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