Monday, June 3, 2019
Bitcoin price consolidated below the major resistance of $8'800 before a drop this morning.
Actual support/resistance: $8'000/$8'800
We started this weekend with a consolidation around $8'550. Then the prices poked above $8'800 and then quickly fell back close to $8'600. During the whole weekend low volumes were recorded.
This morning started with a down trend and sideways trading can be expected but the prices are still above the 20 days moving average. However the MACD are now diverging and the RSI(14) is fluctuating in the neutral zone.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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