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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Bitcoin analysis for July 03, 2018

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Trading recommendations:

Recently, Bitocin has been trading upwards. As I expected, the price tested the level of $6.624 and met my first objective target. Anyway, according to the H1 time - frame, I found an intraday bullish flag in creation, which is a sign that buying may resume. My advice is to watch for a breakout of the bullish flag to confirm further upward continuation. The upward target is set at the price of $6.956.

$6.624 – Intraday resistance; $6.538 – Intraday support; $6.956 – Objective target

With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

The material has been provided by InstaForex Company - www.instaforex.com