BTC/USD trading at $11947 at the time of analysis and inclining at the rate of +2.57%. The cryptocurrency market grew along the bulls and had its influence on all the coins over the weekend. The booming market eventually had a turn of events reaching sunday june 23rd declining to form a good slope from the incline. Moreover, the decline at $10500 eventually broke out to an incline that is currently growing strong. The bitcoin market influenced by the market flow is evolving and growing at a remarkable rate and testing new levels. The pair is finally able to test the area above the $11500 resistance- Globalexchange.
BTC/USD Price Analysis And Forecast For June 26 2019 – Bullish Incline. The power pair is inclining at a fast rate of +2.58%. The moving averages (EMA) showcase a clear cut bullish upward movement. The positive blue and orange MACD’s with 206 and 161.60 have the lines sharply inclining and show good bullish reign. The RSI at 78.89 display oversold trades by the sellers clearly have the prices rising fast. The price range for today may vary from $11947 to $12500- Global exchange.
Cancellation of the above rise could be stopped and brought down in favour of the bears by the expected entry of the buyers as it is to be noticed that it may soon happen. That is possible as the RSI is over the oversold mark and by the previous analysis it is prone to decline- Globalexchange.
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