Bitcoin Target %6K Bottom After 4- Month Low – Bitcoints

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Published on June 13th, 2018 | by bitcoin

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Bitcoin Target %6K Bottom After 4- Month Low

Bitcoin Target %6K Bottom After 4- Month LowAs a result, the price fell to $6,370 on Bitfinex today, the lowest level since Feb. 6.
At press time, bitcoin was slightly higher at $6,453.
The drop to the four-month low has bolstered the already bearish technical setup and raised the odds of a sell-off to $6,000 (February low).
Weekly chart

The downside break of the pennant (bearish continuation pattern) indicates scope for a drop below the February low of $6,000.
Only a daily close above 10-day MA, currently seen at $7,214, would signal bearish invalidation.

Source: Www.coindesk.com

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