BITCOIN Analysis for September 13, 2018

Bitcoin is still quite indecisive and volatile while residing inside the range between $6,000 to $6,500 area with a daily close. Though the fundamentals are quite positive, they have failed to impact the current market price. The price has been pushing higher with certain correction leading to steady higher lows in the process. If the price is broken above $6,500 with a daily close, the bullish pressure is expected to lead the price towards $8,000 area in the coming days. As the price remains above $6,000 area, the bullish bias is expected to continue.

SUPPORT: 6,000, 5,500

RESISTANCE: 6,500, 7,500, 8,000

BIAS: BEARISH

MOMENTUM: VOLATILE

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The material has been provided by InstaForex Company - www.instaforex.com