BITCOIN Analysis for June 14, 2018

After breaking below $6,500 area with a daily close yesterday, the price has been quite bullish for the Bitcoin today inside the overall bearish bias. Traders are still unable to express clear sentiment on Bitcoin and the crypto market in light of recent hacker attacks and predictions from certain crypto professionals including Bitcoin developer Willy Woo. The price is expected to push lower towards $5,000 area in the coming days. As for the current scenario, Bitcoin is expected to push lower in the coming days despite today’s certain bullish pressure which is viewed as retracement after signals of further downward momentum in the short term.

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