Bitcoin (BTC) Daily Price Forecast – November 12

  BTC/USD Medium-term Trend: Bearish Resistance Levels: $6,800, $6,900, $7,000 Support levels: $6,300, $6,100, $8,900 Last week the price of Bitcoin was in a bullish trend. The digital currency reached a high of $6,606.42 but the bulls failed to take price to the $7,400 price level. On November 7, the crypto faced resistance at $6,600 price level and it fell. It was suggested that if price broke the $6,400 price level in a downward trend, the crypto would find support at the $6,200 price level. Today, the crypto fell and approached the $6,300 price level but now in a bullish trend. Price of Bitcoin is likely to continue its rise. Meanwhile, the digital currency is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. BTC/USD Short-term Trend: Bearish  On the 1-hour chart, the digital currency reached a low of $6,350 and pulled back. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research. By Azeez M - November 12, 2018` The source: https://bitcoinexchangeguide.com/bitcoin-btc-daily-price-forecast-november-12/