Bitcoin Technical Price Analysis JUNE-4-2018
In Our Previous Analysis We Shared Bitcoin Movement Posibilities That may occure in Future and after almost 5 months Bitcoin Did exactly same as said, however now we may heading for an rally. For Now Another Time we are in same Trend.
we are looking at a Bitcoin price which struggles to remain stable at any strong level. The negative momentum in the cryptocurrency industry is not Ending yet. This time there is no bad news related to BAN or Regulation or anything else, It is evident some people are trying to push the price of all cryptocurrencies down for quite some time to come.
Bitcoin Price is at a crucial area of interest, though, and a bounce or break could determine the next long-term direction. If these support levels hold, bitcoin could bounce back to the swing high and resume the reversal. we are looking at $7000 as an strong support for the strong reversal.
Price Touching Roof of decsendig wedge + RSI is at its peak + Heavy Panic Selloff, All these facts indicating that bitcoin is still not properly ready for an Good Rally. Have in mind this correction going to end soon and we will have very strong rally, it can be a Rally to 10K again.
Keep Looking At Market and Plan Accordingly
Thanks For Reading
Regards: #TeamCryptoAdvisers
we are looking at a Bitcoin price which struggles to remain stable at any strong level. The negative momentum in the cryptocurrency industry is not Ending yet. This time there is no bad news related to BAN or Regulation or anything else, It is evident some people are trying to push the price of all cryptocurrencies down for quite some time to come.
Bitcoin Price is at a crucial area of interest, though, and a bounce or break could determine the next long-term direction. If these support levels hold, bitcoin could bounce back to the swing high and resume the reversal. we are looking at $7000 as an strong support for the strong reversal.
Price Touching Roof of decsendig wedge + RSI is at its peak + Heavy Panic Selloff, All these facts indicating that bitcoin is still not properly ready for an Good Rally. Have in mind this correction going to end soon and we will have very strong rally, it can be a Rally to 10K again.
Keep Looking At Market and Plan Accordingly
Thanks For Reading
Regards: #TeamCryptoAdvisers
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