BITCOIN Analysis for April 20, 2018 - Forex247

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Friday, April 20, 2018

BITCOIN Analysis for April 20, 2018

Bitcoin has been quite steady and slow with the bullish gains recently which is expected to push the price to breach above $8,500 in the coming days. The price is currently residing above $8,200 area from where it is expected to proceed higher with a target towards $10,000 price area. The slow and steady progress is a good sign for the Bitcoin as this explains the scenario of increasing market participants along the way. After the price bounced off the $6,500 area, the bullish pressure has been non-volatile. If the price remains with constant pressure, a breakout above $8,500 and proceeding towards $10,000 will be easier. As the price remains above $7,000 with a daily close amid lack of fundamental news to impact the Bitcoin gains in the process, the bullish bias is expected to continue.

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


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