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

June 5, 2018


We keep falling, now you may notice the bearish flag formation that may show the market desire to test long-term support level (the bottom edge of the triangle that we are in now). Now the coin is testing support at 7400, if this level is weak and we get a step-down, we should expect the further fall towards 6950 level. In order to have a positive scenario, we should leave the downtrend channel through its upper edge.


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