Connect with us

Bitcoin News

BCD Price Prediction Today: Daily (BCD) Value Forecast – June 5

Published

on

Bitcoin Diamond

Bitcoin Diamond

  • BCD/USD market has been somewhat under selling pressure in both the medium and short-term outlooks.
  • It’s unadvised to join the market bearish trend during slow-moving price action.

BCD/USD Medium-term Trend: Bearish

  • Supply levels: $1.60, $1.80, $2
  • Demand levels: $0.80, $0.60, $0.40

The market movements of BCD/USD have been very steadily slow trading downwards to the south. Lately, the pair’s price traded in a range. It must as well be noted that the crypto’s downwards movement hasn’t been that forceful in the market until now.

The Bollinger Middle Band and the 50-day SMA have both touched around $1.30 mark. The Stochastic Oscillators slantingly bent southwards towards range 20, and they still slightly indicate a downward price movement is ongoing in the BCD/USD trade.

Trading activities may be suspended for a while to have a good set-up. And, the expectation is that the bulls will be favor in the medium run.

BCD/USD Short-term Trend: Ranging

There have now been significant choppy price movements in the market worth of BCD/USD today. The pair also witnessed a set of different range movements during yesterday’s trading operations. The Bollinger Upper Band and the 50-day SMA are located near $1.30 mark above the present trading area of the market. The Stochastic Oscillators have slightly conjoined a bit over range 40 to point south-east.

The bears are still somewhat in control of this cryptocurrency, but may not be able to push past a low mark at $1. Around that price point, there could be a pull-up to signify the possibility of the bulls’ launching a decent coming back in the market.

Bitcoin Diamond: Please add a valid coin_id. You can get it from coin page’s url (slug or short name).

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement
Advertisement

Recent Posts

Copyright © 2021 TheCryptoReport.com