Technical analysis Bitcoin. BTC-USD on June 30, 2018

July 3, 2018


Bitcoin is making an impulsive breakout, it is overbought on 1 hour but the cross of SMMA 20 and SMMA 50 indicated the continuation of the positive market movement. On 4 hours the market is bullish, there is a potential for the growth continuation. If the market manages to break the local resistance level (where we at now), there will be a possibility to touch 6800 level. If to look at BTC on the large scale, we can see that the price is testing the long-term downtrend resistance line and the break of 6800 can be a significant event with the further uptrend movement perspective.

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