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BITCOIN (BTC) Morning Analysis 08-02-2018

 

BITCOIN has tested the resistance level at 8643.35 and has maintained stability below it, keeping the bearish overall trend scenario supported by the negative pressure formed by the SMA 50, along with the negativity of the Stochastic which is clearly showing within the 4-hour time frame.

Therefore, we are waiting for negative trading during the coming period provided stability below 8643.35, noting that the expected targets start at 6036.30 and extends to 4530.00.

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

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