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26.09.201818:40 Forex Analysis & Reviews: BITCOIN Analysis for September 26, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Bitcoin has been bearish with recent momentum which led the price below $6,500 area with a daily close, but currently the price has bounced back successfully and is residing above $6,500. The price has been impulsive with the bullish gains today. BTC is expected to climb higher with a target towards $7,500 and later towards $8,000 area. As for the current scenario, the market is still quite indecisive. However, as the price remains above $6,000 area, it is expected to extend its climb in the coming days.

SUPPORT: 6,000, 6,500

RESISTANCE: 7,500, 8,000

BIAS: BEARISH

MOMENTUM: VOLATILE

Exchange Rates 26.09.2018 analysis

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