FX.co ★ Bitcoin analysis for June, 17.2019

BTC has been trading upwards as we expected. The price tested the level of $9.350. The trend is still upside but downward correction might be in play. Watch for potential breakout of upward trend line at $9.207 to confirm further downside.

Red rectangle – Support 1 ($9.022)

Pink rectangle- Support 2 ($8.832)

Blue rectangle – Resistance ($9.356)

The momentum is still on the upside but we found that there is potential for the downward correction if you see breakout of the upward trendline. The down break of the upward trendline ($9.207) would confirm test of $9.022 or $8.832. Anyway, in case of the upward break of resistance at $9.356, you should watch for buying opportunities and potential test of $9.780.