Bitcoin Price Prediction And Analysis For June 6th – Correction Of The BTC Is Almost Over

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex At the end of the first week of July the Bitcoin has stabilized, trading at $11,194.00. On H4 the quotations of the Bitcoin (BTCUSD) have dropped which is nothing but a correction after a long-term growth. The descending correction wave has reached 38.2% Fibo, but later the quotations returned to the level of 23.6%. There is still potential for declining, however, it must be confirmed by a breakthrough of a long-term support line around $9,500.00. After the breakthrough further decline to 50.0% ($8,595.00) and 61.8% ($7,372.00) is to be expected. Yet another confirmation

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