HomeОбразованиеRelated VideosMore From: DailyForex

Bitcoin Analysis January 30, 2018

3 ratings | 652 views
Bitcoin markets drifted a little bit lower during the day on Monday, as we continue to see the volume drop in this market. It looks as if the 50% Fibonacci retracement level continues to offer support, which is just above the $10,000 level. The $10,000 level of course is psychologically important, and an area where we have seen buyers come back into this market. However, until we see volume pick up with a move higher, I’m not convinced. In fact, I suspect that we could see the floor drop out of the market if we close on a daily candle stick below the $10,000 handle. In the meantime, it looks like we are likely to see a lot of sideways trading, and essentially scalping back and forth. If we get strong volume and break above the $13,000 handle, then I feel like the market can start looking towards the $15,000 level again. What concerns me the most is that even on days where the US dollar has fallen in the Forex markets, Bitcoin can’t gain. for more analysis: http://www.dailyforex.com
Html code for embedding videos on your blog
Text Comments (0)

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.