Determining the Direction Of Bitcoin’s Next Move

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The Bitcoin price caught a bit of relief on June 4 to reach a daily high of $9,881. However, the price failed to flip the $9,840 level as support and has already begun to show weakness. At the time of writing, the BTC price was trading right at the 0.618 Fibonacci level of the entire downward move that began on June 2. While it has moved above this area in the form of an upper-wick, it
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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