empty
 
 
21.05.2019 08:35 AM
BITCOIN still to shoot up above $8,000? May 21, 2019

Recently, Bitcoin has been trading at the edge of the $8,000 area. It managed to regain momentum after the previous fall.

Crypto markets have held on to their weekend gains as Bitcoin remains buoyant. The correction that never was ended in early Sunday trading when BTC surged back towards $8,000. BTC sharply pulled back to just above $7,900 after hitting resistance but has since regained composure and climbed back up to $8,000.

Bitcoin is consolidating inside the range between $7,500 and $8,500, our buy trigger line. Notably, Bitcoin's upward momentum remains and it is likely to continue.

Currently, the price is below $8,000 and moving lower. MACD does not show any definite trend in the market as the MACD lines and Histograms are at the 0 line now. Despite the bullish bias, certain correction and retreat towards the $7,500 area are expected before Bitcoin continues its bullish run towards the $8,500 area in the coming days. As far as the price remains above the $7,500 area, the bullish bias is likely to continue, while a breakout above $8,500 with a daily close will indicate further upward movement towards $10,000.

SUPPORT: 7,000 / 7,250 / 7,500

RESISTANCE: 8,000 / 8,400 / 8,500

BIAS: BULLISH

MOMENTUM: VOLATILE

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback