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Weekly Technical Analysis of Bitcoin Price June 1

Bitcoin (BTC) is located close to the support level available on EMA 20 (pictured). If the price falls below this support, there will probably be a fall of $ 4.914. The $ 4,900 is a very powerful support.
Abstract

Supporting $ 8,000 was a good bet against Bitcoin. Bitcoin will be on the upside as long as Bitcoin buys and sells and moving averages. But the negative divergence formed on the RSI index cautions further.


Description

If Bitcoin is able to cross the highest previous price of $ 9,053, it will continue to move up to a powerful $ 10,000 resistance.

But if vendors take over power and put the price below EMA-20 at 7,872, then the next support will be 7,413. If the volume of trading and market activity is lower, this support will not last and fail.









 

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