Jun 12, 2019
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BitcoinNews.com Bitcoin Market Analysis 12th June 2019

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The bickerfest between sellers and buyers continues and goes on the seventh day. After closing a weekly candle in the range of $7,530-7,770  with the beginning of the new week, the price continued to move within consolidation.

We want to note that the attempt to break through $7,530-7,770 was not convincing. No increased volumes nor large anomalous candles we did not mention. Buyers are still trying to keep the price, but the attack is not in a hurry. The price continues to move in the blue falling channel and is now at the top of the trend line. Even when breaking through this channel, buyers are waiting for a serious price zone $8,200-8,300, so at the moment we continue to expect a price fall after the end of the current consolidation.


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