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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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.
Het verhandelen van hefboomproducten zoals forex en CFD's draagt een hoog risiconiveau en is mogelijk niet voor alle beleggers geschikt. Er is een mogelijkheid om al uw startkapitaal te verliezen. Alvorens te handelen, moet u de ware omvang van uw blootstelling aan het risico van verlies en uw ervaringsniveau volledig begrijpen.