02.07.201813:44 Forex Analysis & Reviews: BITCOIN Analysis for July 2, 2018

Long-term review

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Bitcoin is currently struggling to push below $6,500 after the recent retest from the level while the bias is currently quite bearish in nature. After the recent bounce off the $5,500 area, the price is currently correcting itself just at the edge below $6,500 area. After the recent hack attacks, the bearish momentum increased quite impulsively but it failed to sustain the momentum it was expected to have. As of the current scenario, dynamic level of 20 EMA is holding the price as resistance to push higher below $6,500 area and it is expected to push lower towards $5,000 area in the coming days as the price remains below $6,500 area with a daily close.

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