07.06.201908:30 Forex Analysis & Reviews: Bitcoin. The rate of bitcoin has withstood pressure from the bears

The bitcoin rate managed to stay at a minimum of 7500 and withstood all attacks from sellers, which retains the probability of returning to the market of large players in the hope of continuing the upward trend.

Switzerland may have its own cryptocurrency. Yesterday, a study was published in which the Swiss analytical center called for the creation of a state cryptocurrency. According to the experts of the cent, this will facilitate the trade in tokenized securities, as well as become an impetus to the use of blockchain in other areas of the financial industry.

Signal to buy Bitcoin (BTC):

From a technical point of view, nothing has changed. Buyers need a return to the resistance of 8000, which will build a new wave of growth with the update of the maximum of 8460. In case of further decline, the demand for bitcoin may return to the support area of 7574, but it is best to open long positions immediately on the rebound from the minimum of 7260.

Signal to sell Bitcoin (BTC):

Bears need to keep bitcoin below the resistance of 8000, which will increase the pressure on the cryptocurrency and allow to re-update the support of 7554, which will lead to its breakdown and reduce bitcoin to the minimum area of 7260, where I recommend fixing the profit. In a growth scenario above 8000 USD, you can sell bitcoin on a rebound from a maximum of 8220.