Bitcoin

Bitcoin $BTC Technical Analysis: Bears Control

Weekend Edition: 2018-07-14

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Featured in this edition are popular bitcoin technical analyses from Bitcoinist, Coindesk and Blokt. Or jump right to today’s Bitcoin $BTC Forecast.

Bitcoinist Analysis

View: bearish

bearish

Eustace Cryptus of Bitcoinist corresponds "the general outlook remains tipped toward bears as the moving averages all trend downward"
Published: Jul 14, 2018 | 08:00

Coindesk Analysis

View: bearish

bearish

Omkar Godbole of Coindesk contemplates "further gains are ruled out for now as the descending (bearish) 5-day MA and 10-day MA are located at $6,366 and $6,500, respectively [and] BTC was expected to drop "
Published: Jul 13, 2018 at 10:59 UTC | Updated Jul 13, 2018 at 21:46 UTC

Blokt Analysis

View: bearish

bearish

John Lee Quigley of Blokt propounds "Bitcoin seems much more likely to hit sub $6000 levels. Today’s brief gains are on small volume, indicating a further drop could occur over the next day or two."

Bitcoin $BTC Forecast

on Saturday 14th of July 2018 07:07 PM UTC

bearishbearishbearish

The crypto pundits say: “bearish/bearish/bearish/”.

All three experts hold bearish views however some views see a reversal possible given current technical indicators.


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