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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Bitcoin analysis for July 18, 2018

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Trading recommendations: Recently, Bitcoin has been trading upwards. As I expected, the price tested the level of $7.509. According to the H1 time - frame, I found strong demand (upward momentum) on the market and potential running flat correction, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward target and key resistance is set at the price of $7.731.

$7.509 - Intraday resistance; $7.233 – Intraday support; $7.731 – Objective target;

With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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