Relief Rally for Building Bitcoin Price Await Resistance Hurdles

Relief Rally for Building Bitcoin Price Await Resistance Hurdles
фото показано с : bitcoints.com

2018-6-26 16:54

Bitcoin (BTC) narrowly missed scaling a key resistance level on Monday, but remains on the hunt for a corrective rally, the technical studies indicate.
As discussed, a close (as per UTC) above $6,250 (Doji candle high) yesterday would have likely set the tone for a stronger corrective rally.
While prices did reach a high of $6,341 yesterday, BTC closed (as per UTC) at $6,247.
On the other hand, stiff resistance lined up in the $6,400–$6,800 range could complicate the recovery.
That said, the bulls face an uphill task as a number of key resistance hurdles await:
$6,417 (10-day moving average)
$6,425 (April low)
$6,500 (April 6 low)
$6,533 (March 30 low)
$6,680 (falling channel resistance)
Still, the longer outlook remains bearish, with bitcoin still trading in a falling channel.

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rally high corrective resistance bitcoin utc yesterday

Источник: bitcoints.com

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