FX.co ★ BITCOIN Analysis for June 20, 2018

Bitcoin has been quite corrective yet bullish recently, trying to push the price harder above $6,500 area. There are already certain rumors that the cryptocurrency market may get certain boost from the US tariffs in imports. If new tariffs come into force, we might see Bitcoin surging higher again pretty soon. As for the current scenario, certain bullish divergence can be spotted in the market whereas a false break below $6,500 and pushing higher with a daily close indicates the upcoming bullish pressure that could push the price higher towards $8,000 area in the medium term. As the price remains above $6,500 area with a daily close, the bullish pressure is expected to continue in the market.