FX.co ★ BITCOIN Analysis for June 21, 2018

Bitcoin has been quite corrective above $6,500 area. The BTC price is expected to climb in the coming days. After breaking below $6,500 with a daily close, a sudden bounce above confused the market sentiment. As the price broke below $6,500 earlier, the bias was quite bearish. Thank to the recent negative prediction from Bitcoin developer Willy Woo, it was expected to push lower towards $5,000-5,500 area. A break above $6,500 with a daily close in the current market scenario is indicating the recent break as false and hints about a climb much higher towards $8,000 in the coming days. As the price remains above $6,500 with a daily close while the Bullish Divergence is still in works, the bullish bias is expected to continue, though certain correction and volatility may be observed.