Published on June 20th, 2018 | by bitcoin0
Cryptocurrency Price Analysis June 20
Bitcoin’s rolling 30-day annualized volatility has declined to about 61 percent from the highs of over 150 percent in 2017.
Earlier this month, the hacking of the South Korean exchange Coinrail allegedly led to a sharp fall in the cryptocurrency prices.
Though this led to a knee-jerk reaction, the damage has been limited, which shows that the selling intensity has reduced.
If prices turn down from the overhead resistance, a retest of the June 13th lows at $6,277.23 is probable.
If the bulls manage to break out of the 20-day EMA, the BTC/USD pair should rally to $7,700 levels.