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

06 Jun, 2019
by Jelmer van der Dussen

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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