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26.07.201816:37 Forex Analysis & Reviews: BITCOIN Analysis for July 26, 2018

Long-term review

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Bitcoin has been quite volatile and corrective today after an impulsive bearish momentum yesterday with a daily close. As the recent impulsive non-volatile bullish momentum was formed after a break above $6,500 with a daily close, BTC price is likely to bounce towards $7,500-8,000 area. Afterwards, the price is expected to continue its bullish run with a target towards $10,000 in the nearest days. Despite the lack of strong fundamentals to encourage further bullish pressure, the bullish bias is expected to continue as the price remains above $6,500 area with a daily close.

SUPPORT: 6500, 7500, 8000

RESISTANCE: 10,000

BIAS: BULLISH

MOMENTUM: VOLATILE AND CORRECTIVE

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