Technical analysis Bitcoin. BTC-USD on June 04, 2018

June 5, 2018


In the previous post we warned that there are no comfortable conditions for growth continuation, right now you can see how the price has fallen down. At the moment, we have broken the bottom edge of the uptrend wedge and we have an opportunity to fall a little more. The support remains at around 7400, but we do not need to test it, the market can start to gain volume from 7500 level and after a while, we move towards 7800-8000 range, but in order to do that, we need to consolidate above the resistance at 7600.


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