Bitcoin BTC/USD are traded at the level of 6744 and continue to move within a strong fall. At this point, we should expect a test of the resistance level near the area of 7000. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below the level of 6100.
Bitcoin (BTC/USD) technical analysis June 12, 2018
In favor of falling quotations BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the Bitcoin drop will be a strong growth and the breakdown of the 7250 area, which will indicate the continued growth of the Bitcoin exchange rate with a target above the level of 7650. With the breakdown of the support area and closing of the cryptocurrency rates below the level of 6500, it is necessary to confirm the development of a bearish trend.
Bitcoin (BTC/USD) technical analysis June 12, 2018 suggests an attempt to test the resistance level near the area of 7000 and continue falling with a potential target at 6100, an additional signal in favor of the Bitcoin drop will be a resistance line test on the relative strength index (RSI).
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