Update on Bitcoin. BTC-USD on July 11, 2018

July 12, 2018


Now we are in the uptrend channel, its bottom edge can push the price up, thus we still have chances for a bounce. If the market goes up, the resistance that we meet is in 6500-6650 range, from which we can test the bottom edge of the channel. If the bears are stong at that point in time and the market goes below the edge, there will ba a possibility to go to the support at 6250 again. If we go below it (which we mentioned in the last posts) can cause the high possibility for further fall.

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