Bitcoin: Update 17 Jun 2018

Hi Steemit Friend,

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Bitcoin was declined heavily against the US Dollar in the past few days and recently The pair is currently trading well below the $7000. The recent low was formed at $6100 before the price started trading in a range, Bearish Divergence was formed indicating the pair may continue to move down to the next support level.

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Daily chart is showing the downtrend is weakening, the printed candle is getting more shorter as the price entering support level area between $6400 & $6600, RSI is entering Oversold Level. This indicating the price may consolidate in this area but for now the overall price action is still bearish.

Let’s See...

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Disclaimer: This is not financial advice. I’m just giving idea, all trades it’s completely in your responsibility. Make sure you use trading management properly to avoid losses.