Bitcoin $BTC Technical Analysis: Three Bears

Source: Digital Money Times, originally published on .

http://digitalmoneytimes.com/bitcoin-btc-technical-analysis-three-bears/.

Midweek Edition: 2018-07-11

In this edition we offer a roundup of the top ranked or popular bitcoin technical analyses – plus a NEW illustrated forecast.

Topping out the list are analyses from steemit.com, NewsBTC and CoinInsider. Or jump right to today’s Bitcoin $ BTC Forecast.

steemit.com Analysis

View: bearish

bearish
workin2005 of steemit.com reports “The digital currency is trading in a bearish direction in the configuration which strengthens the break of the support areas that we mentioned above and the ADX confirms this as well.”

NewsBTC Analysis

View: bearish

bearish
Aayush Jindal of NewsBTC prints “bitcoin is clearly in a bearish zone below $ 6,550 [and] at a risk of more declines”

CoinInsider Analysis

View: bearish

bearish
Graeme Tennant of CoinInsider propounds “Each breakout holds the promise that the Bitcoin bull of 2017 will return – however, as can be seen every rally has resulted in a lower high (LH). Furthermore, every down trend has resulted in a marginally lower low (LL) with respect to the daily close price. Only once we see a higher high and higher low on the daily chart will the current bear trend be invalidated – this appears to be a long way off!”

Bitcoin $ BTC Forecast

on Wednesday 11th of July 2018 01:07 PM UTC

bearishbearishbearish

The crypto pundits say: “bearish/bearish/bearish/”.

The analysts at CoinDesk, Investing.com and FXStreet were all dead wrong on Monday. Accordingly we turn to fresh minds today. Their collective vision is bearish.

KittyBitcoin’s unique Bitcoin $ BTC Forecast brings you time-saving & illustrated views. This is balanced with multiple bitcoin experts. The links to “Full coverage” let you easily obtain 100% of the analytical depth.


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The post Bitcoin $BTC Technical Analysis: Three Bears appeared first on Digital Money Times.

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