BTC/USD
Long-term Trend: Bearish
Resistance levels: $7,200,
$7,400, $7,600
Support levels: $4,000, $3,800, $3,600
Support levels: $4,000, $3,800, $3,600
The BTC/USD pair was bearish
in the month of November 2018. The crypto's price is below the 12-day EMA and
the 26-day EMA indicating that price is in the bearish trend zone. The digital
currency is likely to fall in the month of December 2018.
Meanwhile, on
November 1, Bitcoin has an opening balance of $6,362.99 and today, November 30,
the price is at $4,098.88. The price of Bitcoin has depreciated by 35.58 % of
its capitalization.
However, all
the bullish pullback has been erased by the bearish pressure. There will be no
need for trade recommendation as the bearish pressure is ongoing.The MACD line
and the signal line are below the zero line which indicates a sell signal.
Meanwhile, the price of Bitcoin is likely to fall as the price is below the
12-day EMA and the 26-day EMA.
The views and opinions
expressed here do not reflect that of BitcoinExchangeGuide.com and do not
constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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