BITCOIN Analysis for January 22, 2018 22.01.2018


Bitcoin bearish pressure has been quite strong recently leading the price to reside below $11,000 currently after the recent bounce towards $12,000. The market speculated to settle down for the Korean Regulation issue as the price remains above $11,000. However, as the price is still moving lower, the bullish bias is likely to be negated. The investors and traders are still quite uncertain about the future of bitcoin but there is a certain segment of market participants who are optimistic about bitcoin prospects. As for the current scenario, price is expected to head towards $9,000 price area again but this time the pressure is quite impulsive which can lead to break below the price area leading to further bearish pressure in the cryptocurrency. As the price remains below $11,000 with a daily close, the bearish bias is expected to continue further.

Exchange Rates 22.01.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Rocky Yaman,
Analytical expert
InstaForex Group © 2007-2018

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade


Source link

قالب وردپرس

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply