Bitcoin BTC/USD are traded at the level of 7603 and continue to move within the bearish channel. At this point, we should expect a test of the support level test near the 7250 area. 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 7, 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 indicates that the Bitcoin exchange rate will continue to fall below the level of 6500. With the breakdown of the upper limit of the bearish channel and the closing of the quotes of the cryptocurrency above 7950, it is necessary to confirm the development of the upward trend.
Bitcoin (BTC/USD) technical analysis June 7, 2018 involves trying to test the support level near area 7250 and continuing growth with a potential target at 8450, an additional signal for Bitcoin’s growth will be a test of the support line on the relative strength index (RSI).
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