Bitcoin’s Upside Price Potential Could Stop With New Resistance

Bitcoin’s Upside Price Potential Could Stop With New Resistance
фото показано с : bitcoints.com

2018-6-21 18:27

Furthermore, bitcoin refused to embrace the negative narrative on Wednesday after the $31 million hack of South Korea’s Bithumb exchange, indicating that the sellers are likely running dry.
Despite all this, though, the cryptocurrency has struggled to find acceptance above $6,800 in the last 72 hours, as seen in the chart below.
A drop below $6,550 would also push the relative strength index (RSI) below the ascending trendline, further strengthening the bear case.
On the higher side, stiff resistance is noted at $6,943 (100-candle MA on 4-hour chart) and $7,000 (psychological hurdle).
A daily close (as per UTC) below $6,000 would expose the next major psychological support of $5,000.

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below bitcoin struggled cryptocurrency though all likely

Источник: bitcoints.com

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