Vladislav Vlasenko, an analyst at ForkLog, does not rule out that in the near future the first cryptocurrency will be inrange of $ 8400-8600.
According to him, the price of BTC fell belowA 200-day moving average (MA) of $ 9,180, which has been supporting for almost two weeks. Having overcome $ 9000, the first cryptocurrency found short-term support in the form of MA 100 on the four-hour chart, forming the lower border of the downward triangle.
Bitstamp Exchange BTC / USD daily chart
If the decline continues and the border is broken, the range of $ 8400-8600 will become relevant, the lower border of which corresponds to the level of 0.618 Fibonacci.
Recall that every Wednesday on ForkLog there is a review of cryptocurrency prices from RoboForex analysts.
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