Bitcoin BTC/USD are traded at the level of 6290 and continue to move within the framework of the bullish correction. At this point, we should expect an attempt to test the resistance level near the area of 6550. 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 5450.
Bitcoin (BTC/USD) technical analysis June 26, 2018
In favor of falling quotes BTC/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. The abolition of Bitcoin’s fall will be a strong growth and a breakdown of the area of 7000, which will indicate the breakdown of the upper boundary of the bearish channel and the continued growth of the Bitcoin exchange rate with a target above the level of 7700. With the breakdown of the support area and the closing of the cryptocurrency rates below 6050, it is necessary to confirm the development of a bearish trend.
Bitcoin (BTC/USD) technical analysis June 26, 2018 suggests an attempt to test the resistance level near the area of 6550 and continue falling with a potential target at 5400, 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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