Wednesday, June 5, 2019
Yesterday, the Bitcoin price poked the $8'000 resistance and dropped again before bouncing on $7'400 support.
00:00 UTC
CyBorg Predictor
SwissBorg Community
Actual support/resistance: $7'400/$8'000
The fall stopped for a while where we started the 26 of May before testing the $8'000 resistance. Not being able to pass through it, we witnessed another smaller drop that brushed against the $7'400 support. It would be good for the Bitcoin to consolidate for a while without going under the $7'400 resistance. As usual, the price of Ethereum underwent the same kind of changes. In terms of Market capitalization, Bitcoin slightly decreased in favor of lesser-known Altcoins.
The MACD are still diverging and the RSI(14) is in the neutral zone.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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