(15 JUNE 2018)BITCOIN (in USD):Trying to bounce.

(15 JUNE 2018)BITCOIN (in USD):Trying to bounce.

15 June 2018, 15:35
Jiming Huang

Trying to bounce.

(By Peter Rosenstrelch)

·Bitcoin has recovered marginally trying to

bounce off support, Extension of bearish

pressure indicates a test of 5992 support, The

technical structure suggests short-term


·In the long-term, the digital currency has had

an exponential growth but also presented

important downturns, There is decent

likelihood that the currency could stabilize

between 7'000-2'000 in 2018, Bitcoln is trading

below its 200 DMA (8800 range).

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