BTC (Bitcoin) / USD - Bitfinex - 01 June 2018 - update

Bitcoin break out uncertainly the downtrend line and pull back right after that. The downtrend line didn't hold. Last days BTC has made a rising wedge and big bearish divergence too and drop last hour before reaching the apex as usual. What next? Dead cat bounce for now at 0.236 Fibo level. Good support level is 0.618 Fibo (7250$). This is where it should stop if the downtrend continue. If not then another attempt to break out the downtrend line is expected.

Related posts:

BTC (Bitcoin) / USD - 01 June 2018

BTC (Bitcoin) / USD - 31 May 2018

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