Hello everyone,
Today i would like to talk about price analysis of bitcoin on july 9 2018, i will show you all information about bitcoin price.
before i start todays blog i would to know you about bitcoin everybody knows bitcoin but i want to tell you again in short.
WHAT IS BITCOIN???
bitcoin is the worlds first cryptocurrency a form of electronic cash and it is the first decentralized digital currency. bitcoins are sent from user to user on the peer to peer bitcoin network.
BACK ON TOPIC-
Bitcoin is forming a sort of bull-tunnel trend line, after getting supported by the Moving Average 50 days (purple line), Bitcoin had a quick gain, breaking up the 200 days Moving Average (pink), to re-test the $6800 resistance. The consolidation above $6600 is critical for the short term.
The big pictures is that Bitcoin is getting closer to a possible cross between MA-50 (purple) and MA-200 (pink). Just a reminder: the last time it crossed down, on May 15, Bitcoin had left the $9000 area and didn’t get back there.
Resistance levels are at $6800, $7000 and $7300.
Support levels lie at $6600 (MA-50) and $6400.
comment your opnion about it
thanku for reading
Mehul telaniya
Vary good study
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