Bitcoin BTC/USD are traded at the level of 7379 and continue to move within the limits of the decline. At this point, we should expect a test of the support level test near the area of 7090. Again, we should expect a rebound and an attempt to start the growth of the Bitcoin exchange rate with a target above the level of 8450.
Bitcoin (BTC/USD) technical analysis June 6, 2018
In favor of the growth of quotations BTC/USD will perform a test of the support line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the 6900 area, which will indicate the continued decline in the Bitcoin exchange rate with a target below the level of 6500. With the breakdown of the upper border of the rising channel and the closing of the quotes of the cryptocurrency above the level of 7950, it is necessary to confirm the development of the bullish trend.
Bitcoin (BTC/USD) technical analysis June 6, 2018 involves trying to test the support level near the area of 7090 and continuing growth with a potential target at 8450, an additional signal in favor of Bitcoin’s growth will be a test of the support area on the indicator of relative strength index (RSI).
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