Bitcoin (BTC) Daily Price Forecast – November 14

By Azeez M - November 14, 2018   BTC/USD Medium-term Trend: Ranging Resistance Levels: $6,800, $6,900, $7,000 Support levels: $6,300, $6,100, $5,900 Yesterday, November 13, the price of Bitcoin was in a sideways trend. The crypto’s price had been in a sideways trend before price broke that level to the low of $6,300 on November 11. On November 13, the crypto’s price has resumed its sideways trend. Price of Bitcoin is now fluctuating above the $6,400 price level. The 12-day EMA and the 26-day EMA are horizontally flat indicating the sideways trend. The small body’s candlesticks are indecisive candlesticks describing the indecision of buyers and sellers at the $6,400 price level. There will be no trade recommendation as the price of Bitcoin is still in a sideways trend. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal. BTC/USD Short-term Trend: Ranging  On the 1-hour chart, the price of Bitcoin is in a sideways trend. The price bars are fluctuating above the exponential moving averages. The MACD line and the signal line are above the zero line which indicates a buy 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. The Source: https://bitcoinexchangeguide.com/bitcoin-btc-daily-price-forecast-november-14/