Bitcoin BTC/USD are traded at the level of 6566 and continue to move within the growth and bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the area of 6450. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a target above the level of 6850.
Bitcoin (BTC/USD) technical analysis July 6, 2018
In favor of the growth of quotations BTC/USD will perform a test of the support line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the 6350 area, which will indicate the breakdown of the lower border area of the channel and the continued decline in the Bitcoin rate with a target below 5800. With the breakdown of the resistance area and the closing of the cryptocurrency quotes above 6800, it is necessary to confirm the development of the bullish trend.
Bitcoin (BTC/USD) technical analysis July 6, 2018 involves trying to test the support level near the 6450 area and continuing the growth of the cryptocurrency with a potential target at 6850, an additional signal for the growth of the Bitcoin rate will be an uptrend test on the relative strength index (RSI).
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