FX.co ★ BITCOIN Analysis for June 22, 2018

Bitcoin has turned table around today after certain correction and volatility above $6,500 area recently. The price is currently staying at the edge of $6,000 support area after impulsive bearish pressure pushed the price lower with ease. Though the market sentiment was quite optimistic, sudden bearish pressure over Bitcoin led to a dramatic bearish momentum which is expected to extend further if we see a bearish bar after the daily close today. As for the current scenario, the price is expected to sink deeper towards $5,000 as predicted earlier by the statement of Willy Woo. As the price remains below $8,000 area, the bearish bias is expected to continue further.