Bitcoin: Update 06 Jun 2018

in #bitcoin • 6 years ago

Hi Steemit Friend,

BTC 4h.png

Bitcoin in the past few days is gaining bullish momentum against the US Dollar and recently The pair is currently trading well around the $7.6K. Price level around $7350 is providing decent support, RSI is under 50 indicating the room is available for BTC to go up. BTC/USD need to breaking above $7.6k to test the resistances at $7.9K - $8K otherwise it will test the support again.

BTC 1D.png

Daily chart is showing the same behavior, RSI is still under 50 and the pair need to break above $8K to gain more upside momentum. Failing breaking this level can send the price back toward support at $7K.

Let’s See...

Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.

#cryptocurrency #money #trading
6 years ago in #bitcoin by
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