wait | 22 June 2018

Technical Observation

BTC is currently trading with a neutral bias. Instead of a rally to the upper side, no main move was seen yesterday, rather, BTC declined somehow but is still below $6,969.17. I expect a surge to the lower side especially while the price is below $6,969.12. On its way to the lower side, the key support line to check for include $6,002.21, $4,542.21, $3,245.52 and $2,124.00. If these lines are breached, then the price will move further to the lower side and may end up below $1,000.00. As it is, buy positions can only be advised above $6,969.17.

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.