Crypto Markets Test Key Support Levels – Bitcoints

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Published on June 14th, 2018 | by bitcoin

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Crypto Markets Test Key Support Levels

Crypto Markets Test Key Support LevelsAs of this writing, the BTC markets appear to be falling to test support at the $6,000 USD area after forming a large descending triangle.
The leading alternative cryptocurrency markets are following suit, with all of the top ten cryptocurrency markets having lost approximately 10% against USD in the last 24 hours.
As of this writing, the immediate price action shows BTC trading for approximately $6,300 after producing a small bounce following a sharp drop down to $6,100.
The bitcoin markets are yet to retest the prior local support area of roughly $6,600.
Do you think that the markets are set to produce further bearish action in the short term?

Source: News.bitcoin.com

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