Bitcoin $BTC Forecast: Tuesday Edition: Bearish Pennant Breach

September 11 2018 18:59 UTC

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This edition features popular Bitcoin $BTC price views from @bitcoinsguide @investingcom & FXStreet. Or jump right to today’s Bitcoin $BTC Forecast.


View: bullish


Azeez M of @bitcoinsguide states "MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 45 which indicates that price is in the sideways trend zone."


View: bearish


Automated Signal of @investingcom presents "BTC/USD Bitfinex Technical Analysis > Daily
Summary:Strong Sell
Moving Averages:Strong Sell > Buy (0) Sell (12)
Technical Indicators:Strong Sell > Buy (0) Sell (8)"
Published: September 11 2018


View: bearish


Ken Chigbo of FXStreet elucidates "BTC/USD breaks a bearish pennant pattern, retests underneath, could be set for another steap fall to test $6000 mark [and] Technically, BTC/USD remains exposed to heavy selling, given the above-mentioned bearish pennant, which has been breached and retested, playing out to the textbook. This development points to further downside for Bitcoin. "

Bitcoin $BTC Forecast

on Tuesday September 11 2018 18:59 UTC


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

Our experts weigh in with one bull and two bears.

The bullish view holds that notwithstanding the bearish indicators “the support level at $6,000 was not broken” – affirming their bullish view.

The realtime automated analysis is an unequivocal “strong sell” on both moving averages and technical indicators.

Our human bearish view looks to possible drops to lower support levels.

Binance $BTC/USDT
2018-09-11 11:58:33
Last Price $6,245.11
24h Change -34.89 -0.56%
24h High 6,404.00
24h Low 6,169.68
24h Volume 209,311,802.83 USDT

[legal disclaimer] Just one news report can invalidate a technical analysis.


The author holds Bitcoin $BTC at the time of writing.

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