Bitcoin daily chart for June 12, 2018
The daily chart shows the same thing as the 4 hour chart, as well as the potential path out of this consolidation that I've been mentioning for a few weeks now. If price does happen to follow the same pattern then, as the fibs show, we should see it top out at just above the 61.8% level which, again, pits it against the descending resistance line. The question then becomes, does price actually push through this time or does it fall again, significantly increasing the chances of falling below $6000?
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