Mid-day update for bitcoin price 08-02-2018

in steemit •  7 years ago  (edited)

The pair has been trading in a tight range since morning to maintain its stability below 8643.35. Therefore, there is no change in the suggested downside scenario in our recent reports, which depends on stability below the mentioned level, supported by SMA 50, with the next target at 6036.30 , Which is broken by the downlink key to reach 4530.00.

The trading range for today is among the support at 6000.00 and resistance at 9000.00

The general trend for today is bearish

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