Bitcoin BTC BTCUSD 26 Jun 2018
The No.1 digital coin is changing hands at $6,244, off Monday's high reached $6,300, but still in the green zone on daily basis. Are there signs for extended recovery? What can traders expect from the following 26 June Bitcoin Price Technical Forecast?
26 June, Swissquote – Bitcoin remains under pressure in 2018 with the market consolidating off the yearly low and still at risk for deeper setbacks. A contraction in range also warns of a big breakout and volatility ahead.
While the market holds below $10,000, the pressure remains on the downside, with a break back above the psychological barrier required to force a shift in the structure.
Our pivot (invalidation) point stands at 6079.
As Long as 6079 is support look for 6580.
Below 6079, expect 5886 and 5771.
The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (6244) but above its 50 MA (6213).
This article 26 June Bitcoin Price Technical Forecast was provided by Swissquote. While every effort has been made to ensure that the data quoted and used for the research behind this document is reliable, there is no guarantee that it is correct, and Swissquote Bank and its subsidiaries can accept no liability whatsoever in respect of any errors or omissions, or regarding the accuracy, completeness or reliability of the information contained herein.
This document does not constitute a recommendation to sell and/or buy any financial products and is not to be considered as a solicitation and/or an offer to enter into any transaction. This document is a piece of economic research and is not intended to constitute investment advice, nor to solicit dealing in securities or in any other kind of investments.