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Bitcoin Daily Forecast - October 12, 2018

Published 10/12/2018, 05:45 AM
Updated 07/09/2023, 06:31 AM

Bitcoin

Bitcoin shorts at our selling opportunity at 6600/6650 offered up to 550 pips in minutes yesterday morning as we collapsed below 6100. A break below 6000 is the next sell signal targeting 5900/5880 & the low for this year at 5780. This is NOT expected the pair hold for long in the bear trend.

First resistance at 6200/6250 & gains are likely to be limited but above 6300 targets resistance at 6400/6430.

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