BTCUSD Daily Forecast Nov 08 2018


Bitcoin, Short-Term Bullish…

As long as 6347 support holds on a daily closing basis, the BTCUSD remains on the upside to 6495 level. A halt is likely, it may test 6424/6347 level before attempts to move higher. Anyway; above 6495 aims 6583 level, further upside, resistance comes at 6680 ahead of 6758 level.

On the downside, support comes at 6424 ahead of 6347 level (main). Below that level will reverse risk to the downside to 6200 level. A cut through support will bring more losses to 6029 level, further down, support comes at 5847 level.

Conclusion: The BTCUSD  sees upside threats above 6347 level…

Support: 6424, 6347, 6200, 6029

Resistance: 6495, 6583, 6680, 6758

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