Bitcoin BTC/USD are traded at 7473 and continue to move within the bullish channel. At this point, we should expect a test of the support level near the area of 7300. Again, we should expect a rebound and an attempt to start the growth of the Bitcoin exchange rate with a target above 8200 level.
Bitcoin (BTC/USD) technical analysis June 5, 2018
In favor of the growth of quotations BTC/USD will perform a test of the support area on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the 7150 area, which indicates the continued decline in the Bitcoin exchange rate. With the breakdown of the upper limit of the rising channel and the closing of the quotes of the cryptocurrency above the level of 7950, one should expect confirmation of the development of the bullish trend.
Bitcoin (BTC/USD) technical analysis June 5, 2018 involves trying to test the support level near the 7300 area and continuing growth with a potential target at 8200, an additional test for the growth of Bitcoin will be the support area test on the relative strength index (RSI).
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