Bitcoin Price Analysis June.2

Following our previous price analysis, Bitcoin had tested the strong support line at $7,300 (support line + moving average 50 days support – marked in purple) and from there we’ve seen a slow rise. Typically to weekends, there is not much trading volume. but so far looks like normal price action.

From here, strong support at $7,300 and then $7,000. From the bull side, breaking up the $7,700 mark will probably lead a quick move to retest resistance level at $7,900 – $8,000.

BTC/USD BitFinex 4 Hours chart

BTC June 2

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Source: Crypto Potato