Bitcoin Trend Series / EP. 757 / 10th Jan. 2019
Recapitulation
- Bitcoin price rallied strongly to breach 4K and is still confined within tight track, keeps its stability above 3.920K , supported by EMA50 & Stochastic, so the short term trend still bulish, while the stabilty above 3.920K most likely will push the price to test 4.424K.
Market Factors
- Some of the most prominent investors continue to back cryptocurrency and the blockchain technology. Hong Kong billionaire Li Ka-shing has invested in the latest funding round of Intercontinental Exchange’s (ICE) crypto trading platform Bakkt through his venture capital firm Horizon Ventures.
Technical
The bullish trend is suggested unless breaking 3.920K and holding below it.
Bitcoin breaking above 4k is certainly a positive development for the cryptocurrency’s price action, it must maintain above 3.920K to keep the bullish trend.
Sentiment
Support : 3800.000 level.
Resistance1 :4400.000 level.
Expected trading for today:
is between 3800.00 and 4400.00.
Expected trend for today :
Bullish.
all of a sudden dump from nowhere :(