Bitcoin retracement... This is what's next for BTC!

06 Jun, 2019
by Jelmer van der Dussen
Video

Chepicap's David Borman talks about the recent dip in the cryptocurrency market and takes a deep look at Bitcoin, where it is now and what the coming weeks and months may hold.

With the BTC price stabilizing around the $7800 mark, many investors are traders wonder what's next for Bitcoin. Can it go back up to retest $9000, or are we in for more downside, possibly even down to the $6000 region?

Bitcoin will need to retest $8000 to bring back positive momentum in the market. So far it looks like we are entering a descending channel with BTC, and we could be in for a short term bearish trend. Have a look at the full analysis for all the details on what's next for Bitcoin!

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Read more about: Bitcoin (BTC)

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