Wednesday, June 5, 2019
Yesterday, the Bitcoin price poked the $8'000 resistance and dropped again before bouncing on $7'400 support.
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)
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.