Bitcoin Market Analysis 01 June 2020

in #bitcoin2 months ago


1Day chart
1H Chart

Bitcoin has been in an uptrend for the past two months, As we see in the chart above, on 25 May Bitcoin tested 8650 area, which is the support line for the uptrend, and it kept moving up.

At this moment, Bitcoin is trading in a narrow range which creates a triangular formation that should be going out of it next week.


In general, we will see A big move at the end of the first week of June.

As long as it holds above the trend support line we are bullish on bitcoin. The next level is 9740 then 10000 psychological levels.

Thanks for your reading, help us by up-voting our post.
Have a good day and happy earning.

------------------------------------------- DISCLAIMER ------------------------------------------
This is not an Investment advice, you are responsible for your own trades. We do provide technical analysis for the current market situation and it's a prediction for the currency price. WE MIGHT BE WRONG.



Thanks, this is very useful.. Good to see Bitcoin showing some buy signals on trading :)

Your welcome

Good analysis, Will make it for refrence. Thank you for sharing this!!

I hope for the biggest drop in the history of Bitcoin :) 2 Trillion dollar market coming in 2021 bull run.

Greetings! Can you make analyse for Hbar?

Is it Hedera Hashgraph (HBAR), If so i will have a look at this one.

This is the perfect time to earn both ways either it up or down by future trading but if you don't know how its works, Koinpro is one best place to learn and earn.

(spammer trying to attract people to their pointless crypto thing)

Coin Marketplace

STEEM 0.21
TRX 0.02
BTC 11707.66
ETH 395.49
SBD 1.03