Bitcoin Price Analysis July 11

So the bull-tunnel trend line got broken down. Fundamentally, some bad news came out – mostly hacking to Bancor exchange and hacking to Hola accounts (read more here).

Before that, the $6800 resistance was tested again, and the free fall yesterday got supported at $6300. currently Bitcoin is between range of $6300 – $6400. We might see a correction up to the dump from yesterday; RSI levels are at their lows.

For the short term it doesn’t look so promising: Support lies at $6300, $6000 and then $5800. Resistance levels: $6400, $6600 and $6800.

BTC/USD BitFinex 4 Hours chart

BTC July11

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