Bitcoin (BTC) Price Analysis for June 18

Please fol­low and like us:
Pin Share


article image
Denys Ser­hi­ichuk

Can Bit­coin (BTC) come back above $20,000 by the end of the week?

The fall of the mar­ket has con­tin­ued over the week­end, and all of the top 10 coins have con­tin­ued their fall.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bit­coin (BTC) has bro­ken the vital $20,000 mark, falling by 7% over the last 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the local time frame, Bit­coin (BTC) has formed the sup­port lev­el at $19,047. At the moment, one needs to pay close atten­tion to it as, if buy­ers again lose the ini­tia­tive, there are chances to see the drop to the $18,500 area shortly.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the big­ger chart, no one is will­ing to buy Bit­coin (BTC) cur­rent­ly as the price is trad­ing below the peak of $2,018. In addi­tion, the sell­ing vol­ume is high, con­firm­ing bears’ pres­sure. Like­wise, dai­ly clo­sure below $19,000 could cause a pre­requsite for a fur­ther decrease.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

From the mid-term point of view, Bit­coin (BTC) is trad­ing below the mir­ror lev­el at $19,490. If buy­ers can return the price above it by the end of the week, one can expect a return to the $20,000 area with­in the next few days.

Bit­coin is trad­ing at $19,115 at press time.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *