What Is Next With Bitcoin?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It looks like Bitcoin correction has ended on the 24th of June, where price hit the $5755 low. Then BTC/USD has formed a double bottom near that area and price went sharply up. In just over a week price went up by 18% and has reached the $6840 high.

The recent corrective wave down, pushed the price down to the $6260, where it has rejected the 50% Fibonacci retracement . Overall, the short term, price has found the support as well as resistance at 23.6% Fibs that is $6400.

Most likely, that the break above the resistance or below the support would shed some light on the next move of the Bitcoin . Break and close below the $6260 should result in a decline towards 61.8% Fibs at $6170, which corresponds to the lower trendline of the extended channel. But break above the resistance, might suggest further growth, where price could reach $6840 resistance and even go higher.
Trade closed: target reached
What makes you believe we have support @6150
down periscope..
Nice presentation.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out