FX.co ★ Bitcoin analysis for June 27, 2018

Trading recommendations: According to the H1 time frame, I found a potential end of the downward correction (flat abc), which is a sign that selling looks risky. I also found a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for potential buying opportunities if you see a breakout of the supply trendline. The upward target is set at the price of $6.772.

Support/Resistance

$5.990 – Intraday resistance; $6,232 – Intraday support; $6.772 – Objective target

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