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Monday, June 4, 2018

|>> New Crypto Analysis by FX for Dummies June 04, 2018 at 02:43PM :

" šŸ“Š From a technical analysis perspective, if we look at the monthly chart of the Bitcoin price, it’s good news for the bulls that the previous month’s low is holding. Also, Bitcoin’s highest price ($9795) for the month of May is higher than the previous month (April’s high $9755). In other words, a small bull signal. However, the closing price of Bitcoin at the end of the month is lower than the opening price of the month. This illustrates that the bears are still holding on to their ground. If the lowest price for the month of June is higher than the month of May (May low at $7051), we could say that things are looking good and it should boost the moral amidst traders. "

 

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