Update on Bitcoin. BTC-USD on June 19, 2018

June 19, 2018

Now the market is in the uptrend wedge formation, the price can oscillate within its edges for some time, there is a chance to go down to its bottom edge and get a bounce towards Fib 0.5 level (6900-7000 zone). If we break the bottom edge of the pattern, in particular, the support level near 6467 will give us a possibility to fall further, where the closest possible bounce will be near 6115 level, breaking through which will indicate the further downtrend movement.

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