Bitcoin analysis for July 18, 2018


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;

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