Bitcoin Recovers Ground Against USD
June 8, 2020
British Pound Breaks Resistance
June 10, 2020
BITCOIN PRICE CHART – BTCUSD DAILY
The cryptocurrency has been on a bullish market since May 25th, we estimate that the price will hit its resistance at $10,427.55 in the next few days, the price is currently trading above the Ichimoku cloud, which indicates that the uptrend could continue, Relative Strength Index is at 56% which tells us that we can still go long on this pair as it not considered overbought, bollinger bands seem to close a little bit indicating that volatility might be low and that the price may move sideways, Moving Averages are still indicating an uptrend market.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
