Cryptocurrency prices analysis and forecast – 7 November 2018

Cryptocurrency prices analysis and forecast – 7 November 2018
BTC/USD
BTC/USD is being traded at $6,493 and continues to be traded in the distribution phase. After an unsuccessful attempt for bulls to break through the resistance of $6,500, the price is consolidating in a narrow range of distribution. Technical analysis supports the preservation of bullish sentiment. So, hardfork of Bitcoin Cash has become a driver for raising the quotes of the main part of cryptocurrency, further developments, up to November 15, are twofold. If additional information channels do not follow, then further development of lateral movement and expansion of its borders are likely. But since the expectations of market participants are now very positive, it is likely that soon we will see a breakthrough in the ...
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