Bitcoin price reaches the target’s threshold – Analysis - 14-06-2018

Bitcoin price traded with strong negativity to approach our main waited target at 6039.30, falling under continuous negative pressure provided by the EMA50, which supports the chances of continuing the bearish trend inside the bearish channel that appears on the chart.

Therefore, we suggest the continuation of the negative trades in the upcoming sessions unless breaching 7055.00 level and holding above it, noting that breaking 6039.30 will push the price to head towards 5555.00 as a next main station.

Expected trading range for today is between 5555.00 support and 6800.00 resistance

Expected trend for today: Bearish