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FX.co ★ BITCOIN Analysis for June 21, 2018

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Crypto Analysis:::2018-06-21T15:53:56

BITCOIN Analysis for June 21, 2018

Bitcoin has been quite corrective above $6,500 area. The BTC price is expected to climb in the coming days. After breaking below $6,500 with a daily close, a sudden bounce above confused the market sentiment. As the price broke below $6,500 earlier, the bias was quite bearish. Thank to the recent negative prediction from Bitcoin developer Willy Woo, it was expected to push lower towards $5,000-5,500 area. A break above $6,500 with a daily close in the current market scenario is indicating the recent break as false and hints about a climb much higher towards $8,000 in the coming days. As the price remains above $6,500 with a daily close while the Bullish Divergence is still in works, the bullish bias is expected to continue, though certain correction and volatility may be observed.

BITCOIN Analysis for June 21, 2018

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