Here is your Bitcoin market update for 17 June

Hello everyone.

The workweek is finished so time for a quick market update for the traders and bitcoin investors among us.

I mentioned that the support level $2.050 could work out and so far it has been.

Consolidation between $2.250 and $2.700 is important.The longer this takes the better.

It is likely that we will retest ($3.000) the all time high within weeks.

This is the 4hr chart which I use frequently to zoom out for my trades.

The daily chart confirms the uptrend is still applicable.

I have also read that Sheba Jafari, Head of Technical Stategy of Goldman Sachs mentioned that crypto's including Bitcoin is an a bubble. For the short term yes, but if you look forward I strongly doubt that.

An article about Sheba's view is mentioned on the Business Insiders website: https://www.businessinsider.nl/bitcoin-price-goldman-sachs-2017-6/?international=true&r=US

As always, good luck with your investments and trading.g and never invest more than you can afford to lose.

Please comment! :) What is your view and upvote me please if you like this technical market updates.

Have a great day.