Technical analysis Bitcoin. BTC-USD on June 21, 2018

June 21, 2018


Bitcoin is still in the uptrend wedge pattern, from the positive moments we can admit the overall bullish market condition: RSI had recently bounced from its bottom and move up, Stoch RSI  is very bullish with the further impulse for moving up, ADX also show the strong amplitude of the market, MACD show the cross with the further uptrend movement. If the situation remains stable we have good chances to make an impulsive breakout by the end of the month and to test the resistance zone at 7050-7250, if we break it, we can expect the further growth up to 7900.

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