CoinDesk analyst: BTC may form a double top in 1 to 2 days, or it will fall to $7,206

CoinDesk analysts said that on the 4-hour chart, the BTC fell below the wedge-shaped triangle, confirming that it failed to stand up to $8,300 and was bullish. In addition, the relative strength index RSI is below 50 and the MACD is negative, further confirming bearishness. On the daily chart, the MACD has turned bearish for the first time since May 2, and the RSI continues to be at a bearish high. The BTC may form a double top in 1 to 2 days, falling to $7,206 (May 18 low). UTC time to close below 7206 US dollars, will confirm the double top, short-term turned bearish, and may fall to 6070 US dollars. If the BTC rises above $8050 in 24 hours, it will turn bullish and may rise to $8,500 (June June 2018).