FX.co ★ Bitcoin analysis for October 30, 2018

Trading recommendations:

According to the Daily time - frame, I found that BTC finally managed to get out of the 12-day balance and confirmed a further downward movement. Yesterday's close was very confident and it suggests strong selling pressure on the market. My advice is to watch for selling opportunities. The downward target is set at the price of $6.030.

Support/Resistance

$6.030 – Objective target

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.