BTC analysis for June 17,.2020 - The main resistance at the price of $9.600 is holding. Watch for selling opportunities with the target at $8.880

News:
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Bitcoin investors seem to be anything but worried, despite the expectations of a retracement as the bull trend formed after March loses its direction.

Blockchain analytics upstart Glassnode reported that the number of BTC addresses holding more than 0.1 coins (~$1,000) has recently passed its old all-time high, reaching 3,054,282 addresses.

This indicates strong retail accumulation and the distribution of coins amongst the crypto diaspora.


Trading recommendation:
Watch for selling opportunities at the resistance at $9,50 with the downward targets at the price of $8,888 and $8,730.

Stochastic is in overbought zone and there is the fresh cross to the downside




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Performed by Petar Jacimovic
Analytical expert
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