BTC analysis for June 17,.2020 – The main resistance at the price of $9.600 is holding. Watch for selling opportunities with
June 17, 2020 12:21 pm
News:
Bitcoin investors seem to be anything but worried, despite the expectations of a retracement as the bull trend formed after March loses its direction.
Blockchain analytics upstart Glassnode reported that the number of BTC addresses holding more than 0.1 coins (~$1,000) has recently passed its old all-time high, reaching 3,054,282 addresses.
This indicates strong retail accumulation and the distribution of coins amongst the crypto diaspora.
Technical analysis:
Trading recommendation:
Watch for selling opportunities at the resistance at $9,50 with the downward targets at the price of $8,888 and $8,730.
Stochastic is in overbought zone and there is the fresh cross to the downside
The material has been provided by InstaForex Company – www.instaforex.com
News:
Bitcoin investors seem to be anything but worried, despite the expectations of a retracement as the bull trend formed after March loses its direction.
Blockchain analytics upstart Glassnode reported that the number of BTC addresses holding more than 0.1 coins (~$1,000) has recently passed its old all-time high, reaching 3,054,282 addresses.
This indicates strong retail accumulation and the distribution of coins amongst the crypto diaspora.
Technical analysis:
Trading recommendation:
Watch for selling opportunities at the resistance at $9,50 with the downward targets at the price of $8,888 and $8,730.
Stochastic is in overbought zone and there is the fresh cross to the downside
The material has been provided by InstaForex Company – www.instaforex.com
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