Market review, June 7, 2019

2019-06-07 13:00:41

Bitcoin futures will disappear from the CBOE listing after June 19

The expiration of the latest Bitcoin futures on the Chicago Board Options Exchange (CBOE) will take place on June 19 by 3:00 pm Chicago time, Bloomberg reports.

CBOE became the first regulated exchange to launch urgent financial instruments based on the first cryptocurrency on December 11, 2017, when Bitcoin was steadily approaching its historical maximum near the mark of $20,000.

Now, let's move to the technical analysis of Bitcoin (BTC):

Yesterday, bitcoin tested the support level of $7,450 and reached the mark of $7,950. We expect further growth to the subsequent resistance levels of $8,140, $8,300, $8,450, $8,600, $8,800. The support levels are $7,800, $7,727, $7,600, $7,500.

Technical analysis of Ethereum (ETH):

Yesterday, ethereum tested the local support level of $235, and resistance level of $250. We expect a further price increase with targets of $255, $260, $266, $273, $280. The support levels are $245, $240, $234.

Technical analysis of Ripple (XRP):

Yesterday, ripple reached the mark of $0.4209. We expect growth to the local resistance levels. The support levels are $0.4027, $0.3888, $0.3812. The resistance levels are $0.43145, $0.4461, $0.4562, $0.4678.

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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