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July 6, 2020
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Bitcoin

Technical analysis of the Bitcoin + ETH, BHC, LTC and XRP course Blocksats

As every Tuesday, we have for you another expert technical analysis of cryptocurrency prepared by Chartaw of Coinquista Labs. What awaits Bitcoin, Ethereum, Bitcoin Cash, Litecoin and XRP courses in the near future? Below you will find an analysis of the BTC course, and on the official Coinquista blog you can read the analysis of other digital assets: ETH, BCH, LTC and XRP.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-30-06-2020/

Where is Bitcoin going?

Looking at the quotations of the oldest of cryptocurrencies, we will notice that the market has recently slumped to the upward trend line and horizontal support of $ 8,950, where at the end of the last week the first, small residence reaction appeared. The ongoing increases have caused the BTC price to reach around a fairly significant horizontal resistance of $ 9,225. However, given that this level coincides with measuring 38.2% of the Fibonacci correction from the previous downward impulse, it cannot be ruled out that there will be a supply response again. If that happened, the price of Bitcoin could re-test the upward trend line in the near future. However, its permanent defeat could open the way for further declines, for which even 8500 dollars seems to be in real range.

However, if the currently tested resistance of $ 9,225 is somehow broken, then the BTC price could rise to around $ 9,800 or even $ 10,400. For now, however, the pro-fall scenario of re-testing the upward trend line seems more likely.

LINK for analyzing the remaining digital moment: https://blog.coinquista.com/analiza-techniczna-kryptowalut-30-06-2020/

We remind you that on the Coinquist crypto exchange market for 90 days from registration all users can trade without commission! How to register on the stock exchange, you will learn from this article: Coinquista Registration.

About Graphław:
His name comes from the words: Chart- (from “stock charts”), and -fame (from “fame”), which is the one who praises stock charts. He gives away history traders expert analysis of company stock prices, fiat currencies and cryptocurrencies. Traders from four parts of the world come to him for advice of the highest importance: Buy? Sell? Should you breed? It was not easy, but the Coinquista Labs team, somehow managed to convince him to share his professional analysis with Blocksats readers. Let his charts look after you!

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