Technical analytics

Bitcoin

Cryptocurrencies

Bitcoin continued losing ground on Thursday. Sellers struggled a while with the 6400 which was defended by the EMA200. This barrier was broken after all and the spot extended its losses to 6160 where the EMA100 stopped seller this time. The coin faced buying rejection and recovered to 6400 after that. All the moving averages are neutral. MACD continued declining in the positive area. RSI dropped to the oversold readings. The resistance stands at 6400, the support can be found at 6300.


The technical picture is negative for Bitcoin. If sellers regain the 6400-6350 area, the currency will decline to 6300.


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