September 19, 2018

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Bitcoin Price Analysis June.21



Continue the trend since the break of the triangle to the bull side: Bitcoin has been consolidating around the thin string between $6,600 – $6,800. Looking at the volume, seems like there is a strong buying power. From here not much had changed for the upcoming future:

Next resistance level lies at the long-term descending trend line at around $6,900. Afterwards – $7,300 (MA-200 line, marked in gray).  RSI is at its highest values, so Bitcoin might need some air before continue up. From the bear side, support level at $6,600 and $6,400.

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BTC/USD BitFinex 4 Hours chart

BTC Jun21



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