FX.co ★ Bitcoin analysis for June 20, 2018

Trading recommendations: According to the H1 time - frame, I found a rising channel and potential end of a downward correction (abc), which is a sign that selling looks risky. My advice is to watch for a potential breakout of the supply trendline to confirm further upward movement. The upward targets are set at the price of $6.873 and at the price of $7.216.

Support/Resistance

$6.806– Intraday resistance $6.517– Intraday support $6.873– Objective target 1$7.216 - Objective target 2

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.