Bitcoin price heads towards the support – Analysis – 11-05-2018

Bitcoin price shows negative trading since yesterday to approach the key support 8643.35, and as long as the price is above this level, the bullish trend scenario will remain valid for the upcoming period, supported by stochastic reach to the oversold areas, waiting to head towards 10748.00 that represents our main expected target.

Expected trading range for today is between 8500.00 support and 9600.00 resistance

Expected trend for today: Bullish