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BTCUSD technical analysis – 20 june 2020
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BTCUSD Hourly Chart Analysis
The previous week we have already had a 10000 price challenge, and once again this week
Once again there has also been a bounce off from the 10000 price suggesting a strong resistance
The next price challenge is therefore 9000+ and 8500+
BTCUSD Four Hourly Analysis
This chart demonstrates a consolidation of the price
After a period of successive bullish movement we have reached a resistance level
We can expect a trend towards a support level before any further price movement up
BTCUSD Daily Analysis
At the D1 timeframe we can visualise the multiple attempts to challenge 10000 level
This has now broken below an established trend up
We should expect at the longer term level a period of ranging before a significant move is made