empty
 
 
17.06.2019 03:27 PM
Bitcoin analysis for June, 17.2019

BTC has been trading upwards as we expected. The price tested the level of $9.350. The trend is still upside but downward correction might be in play. Watch for potential breakout of upward trend line at $9.207 to confirm further downside.

This image is no longer relevant

Red rectangle – Support 1 ($9.022)

Pink rectangle- Support 2 ($8.832)

Blue rectangle – Resistance ($9.356)

The momentum is still on the upside but we found that there is potential for the downward correction if you see breakout of the upward trendline. The down break of the upward trendline ($9.207) would confirm test of $9.022 or $8.832. Anyway, in case of the upward break of resistance at $9.356, you should watch for buying opportunities and potential test of $9.780.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback