Technical analysis Bitcoin. BTC-USD on June 12, 2018

June 13, 2018


You may notice, that it is very difficult for the market to move up, there are more chances to go lower. There is a possibility to form the symmetrical triangle or the bearish flag, both these pattern show the downtrend continuation in this case. In order to follow the more optimistical scenario, the market needs to overcome the resistance at 6890-7050 zone. The current level looks risky: the break through the support at 6600 will make the price test the lower levels, however now we can bounce with a try to overcome 6890 pricepoint.

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