Bitcoin BTC/USD are traded at the level of 6098 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 6150. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below 5650 level.
Bitcoin (BTC/USD) technical analysis June 28, 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 6350, 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 6700. With the breakdown of the support area and the closing of the cryptocurrency rates below 6000, it is necessary to confirm the development of a bearish trend.
Bitcoin (BTC/USD) technical analysis June 28, 2018 involves an attempt to test the resistance level near the 6150 area and continue falling with a potential target at 5650, an additional signal in favor of the Bitcoin depreciation will come from the downtrend test on the relative strength index (RSI).
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