Bitcoin: Update 22 Jun 2018

indoanonym (25)in #bitcoin • 6 years ago

Hi Steemit Friend,

BTC 4h_2.png

BTC 4h.png

Bitcoin was declined heavily against the US Dollar in the past 24 hour and recently the pair is currently trading well below the $6400. Bitcoin price was failed to break the $6800 resistance before the price started declined sharply against the US Dollar, also Bearish Divergence was formed indicating the weaknesses of bull trend. RSI is approaching Oversold Level so hopefully the correction will slow down in near term.

BTC 1D.png

Daily chart is still showing the bearish sign, RSI also pointing down indicating the momentum is shifting to go downside. The next price target is between $5.3k & $5.5k if price is struggle to close above support at $6400.

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