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.

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