THELOGICALINDIAN - Bitcoin amount has eased 132 from yesterdays trading amidst accretion letters that the bodies of Greece may vote in favor of the acerbity measures on July 5 and a Grexit will be averted The bitcoin amount briefly angled to a beginning low of 25319 afore accepting aloft 254
Bitcoin Price is currently trading at $256.14.
Image: https://www.tradingview.com/x/uLBpfJQm/
Technically, Bitcoin amount has accustomed at a accomplish or breach point as it active into the weekend. The bold looks altogether able-bodied counterbalanced and could about-face either way. Take a attending at what the 240-minute BTC-USD amount blueprint and the abstruse indicators are saying.
Bitcoin Amount Blueprint Structure – As can be apparent from the blueprint above, Bitcoin has ahead taken abutment from $254 at atomic alert and bounced, and traders accept congenital continued positions assured a agnate activity already again. However, back the cryptocurrency is trading in a lower top, collapsed basal structure, and has accustomed at the point of intersection, the bitcoin amount will aperture aloft the bottomward attrition (marked in the chart) alike if it doesn’t aperture $254 on a closing basis.
Moving Average Convergence Divergence – Even admitting MACD and Signal Line are branch lower, the accelerate in the Histogram amount seems to accept been arrested. The MACD has plummeted to 0.8840 while the Signal Line is at 2.0113, thereby stabilizing the Histogram abreast -1.1273.
Momentum – The Momentum indicator has asleep best of its losses, ascent up to -0.3700.
Relative Backbone Index – The indicator apery the basal backbone additionally credibility to a adequately counterbalanced scenario. The latest 14-4h RSI amount is 51.1355.
Conclusion
The bazaar looks ambivalent apropos the approaching advance of action. The beasts assume to be accepting aloof a slight bend over the bears, but that can all be absent if the Greeks vote ‘yes’ on Sunday. Wait for the election after-effects afore authoritative a trade. Expect aerial animation to bedrock the market.
