Bitcoin (BTC/USD) Revisits Critical Support Line

Bitcoin Price Prediction – June 26
The BTC/USD market revisits the critical support line at $30,000 while it has severally unable to push northward more after it hit a resistance around the point of $35,000 to now trade at the value of $31197. The crypto’s percentage rate stands at about -1.39 as of writing.

BTC/USD Market
Key Levels:
Resistance levels: $35,000, $40,000, $45,000
Support levels: $27,500, $25,000, $22,500

BTC/USD – Daily Chart
It is depicted on the BTC/USD daily chart that the crypto economy now revisits the critical support line at $30,000. Yesterday’s session witnessed a full-fledged formation of bearish candlestick between the points of $35,000 and very closely to $30,000. That has led the market to briefly trade around the lower value during today’s trading operation. Both the bearish and the 14-day SMA trend lines drew nearly above the point of $35,000 underneath the 50-day SMA indicator. The Stochastic Oscillators are in the ranges of 20 and 40 with closed lines in an attempt pointing to the southbound to suggest that a downward force is yet to be exhausted in the trading activity involving Bitcoin and the US Dollar.


Could it tough for the BTC/USD market to end dumping as it revisits the critical support line?

It could tough for the BTC/USD market to end dumping as price revisits a critical support line of $30,000 in the near time. The degree of a signal attempt currently made by the Stochastic Oscillators poses a warning against probably seeing a reliable bounce-off from the critical support trading zone of the market. However, a decent bearish reversal move below the critical support line cannot as well put aside to make a buy order while it surfaces.

Bearish trend continuation of this market could be while the market keeps firmly around the critical support-line as yesterday’s session. If that assumption eventually plays out accordingly, the lower support line of around the level of $25,000 will be in focus. Bears have to be cautious of late exertion of entry not to get whipsawed at any time.

BTC/USD 4-hour Chart

The BTC/USD medium-term chart also has it that price revisits critical support-line around $32,000 level. And, it appears that that point has been the vital spot that bulls have been reliably making a rebuilt effort to make a rebound while notable fall-offs showcase in the market. The 50-day SMA indicator is located over the 14-day SMA trend-line as the bearish trend-line drew between them. The Stochastic Oscillators have crossed from the oversold region to point toward the northbound slightly over range 20. That signifies that a degree of upswings is somewhat in the cards.


Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provide

Subscribe To The Latest Crypto News

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

World Wide Crypto will use the information you provide on this form to be in touch with you and to provide updates and marketing.