(19 MARCH 2018)BITCOIN (in USD):Further sideways consolidation likely
Market News

(19 MARCH 2018)BITCOIN (in USD):Further sideways consolidation likely

19 March 2018, 13:11
Jiming Huang
Jiming Huang
0
80
btc

Further sideways consolidation likely.

(By Peter Rosenstreich)

• Bitcoin trades indistinctly at the 8200 range,

breaking hourly support at 7614 (02/02/2018 low)

and expecting to trade sideway in the shortterm.

Hourly support and resistance are given at

6797 (06/02/2018 low) and 12130 (18/01/2018

high).

• In the long-term, the digital currency has had

an exponential growth but also presented

important downturns. There is decent

likelihood that the currency could stabilize

between 7'000 - 12'000 in 2018. Bitcoin is

approaching its 200 DMA (7000 range).

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