20 Jun 2018
Bithumb, one of the largest cryptocurrency exchanges in Asa, is reported to lose about $30 million in digital currencies following the hack attack. Meanwhile, how is Bitcoin trading today? Gain insight into today's 20 June BTCUSD Price Technical Forecast.
20 June, Swissquote – While Bitcoin managed to recover from the intraday low of $6,557, but it is still vulnerable to further losses. Traditionally, the largest market movements happen during European and American hours, so, early losses may be just the beginning of a new bearish wave. Currently, BTCUSD is changing hands at $6,610, supported by $6,560/50.
Our pivot (invalidation) point is at 6789.
The downside prevails as Long as 6789 is resistance.
The upside breakout of 6789, would call for 7020 and 7158.
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 6688 and 6705).
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