Bitcoin has course to $7700 !

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview BTC/USD.

Bitcoin in a short-term is able to reach the resistance zone , where the price will meet with MA200 and it will be possible to consider the short position. But an indicator analysis is currently negative.
A rejection of this idea will be the surrender by bears of $ 8350.

  • Resistance zone ~ $ 8120 - 8150
  • Our target support zone ~ $ 7765 - 7700

  • Market Cap
    $144 431 620 417 USD
  • Volume (24h)
    $17 156 888 397 USD
  • Circulating Supply
    18 008 300 BTC

Share your thoughts, ideas about the market under the chart.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Trade closed: target reached


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