empty
 
 
15.11.2018 08:58 AM
Bitcoin analysis for 15/11/2018

As a result of a wider sale in the cryptocurrency market, Bitcoin fell to the lowest price level in over 12 months. The lowest point of the Bitcoin price today was $5,669 - the lowest price recorded since November 11 last year. Wednesday was started at $6,997.96. Since then, the price of Bitcoin has slightly improved, after which it again fell, reaching a level of $5,665 dollars, which means a decrease of 10.11% in the last 24 hours.

The sharp fall in Bitcoin prices was also accompanied by rapid sales of other cryptocurrencies and digital resources. According to data published by financial media, tokens such as MANA, BAT and DNT over the last 24 hours have dropped by more than 20 percent.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The sell-off low was at the level of $5,287 so far, which means the long-term support at the levels of $5,500 and $5,728 had been broken and now they will act as a resistance for the price. The other resistance levels are located at $5,846 and $6,027. Currently, the market is in extremely oversold conditions, so some kind of a corrective pull-back higher would be welcomed.

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback