Technical analysis Bitcoin. BTC-USD on June 18, 2018

June 18, 2018

The market is breaking the pattern through its upper edge, the volume is going down, the global capitalization is also redusing. It seems like we keep following the bearish scenario. The price has tested the 6378 price point twice, seems like the next test will be the major fall down and if the the zone near 6300 does not hold the market pressure, we should expect the movement towards 6100 zone. The market needs to consolidate in 6550-6600 zone in order to follow more positive scenario and have the possibility for further growth in case of impulsive bounce.

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