Bitcoin BTC/USD are traded at 6442 and continue to move in a bearish movement. At this point, we should expect a test of resistance level near the 6800 area. 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 5950.
Bitcoin (BTC/USD) technical analysis June 14, 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 fall will be a strong growth and breakdown of the 7150 area, which will indicate the breakdown of the upper border of the channel and the continued growth of the Bitcoin exchange rate with a target above the level of 7750. With the breakdown of the support area and closing of the cryptocurrency rates below 6250, it is necessary to confirm the development of a bearish trend.
Bitcoin (BTC/USD) technical analysis June 14, 2018 suggests an attempt to test the resistance level near the 6800 area and continue falling with a potential target at the level of 5950, 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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