Bitcoin BTC/USD are traded at the level of 6082 and continue to move within the 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 29, 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 a breakdown of the area of 6350, which will indicate the breakdown of the resistance area 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 the bearish trend.
Bitcoin (BTC/USD) technical analysis June 29, 2018 suggests an attempt to test the resistance level near the area of 6150 and continue falling with a potential target at 5650, an additional signal in favor of a drop in the Bitcoin rate will be a downtrend test on the relative strength index (RSI).
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