Bitcoin Bulls Overwhelm By Bears As It Trades In a Tight Range above $19k – June 30, 2022
בטק / וסד has fallen to the low of $19,317 as it trades in a tight range above $19K. BTC price is stuck below the 21-day line SMA. In the interim, a recovery above the $20,000 psychological price level is doubtful. However, a price rebound will catapult Bitcoin above the moving averages.
ביטקאָין פּרייַז סטאַטיסטיק דאַטאַ:
• ביטקאָין פּרייַז איצט - $ 19,268.30
• ביטקאָין מאַרק היטל - $ 367,682,441,604
•ביטקאָין סערקיאַלייטינג צושטעלן - 19,082,250.00 בטק
• ביטקאָין גאַנץ צושטעלן - $404,634,216,284
• ביטקאָין קאָינסמאַרקעטקאַפּ ראַנג - # 1
קעגנשטעל לעוועלס: $ 50,000, $ 55, 000, $ 60,000
שטיצן לעוועלס: $ 25,000, $ 20,000, $ קסנומקס
Bitcoin’s (BTC) price is trading in a narrow range after the recent breakdown below the $20,000 support. On June 30, Bitcoin dropped to the low of $18,638 and rallied to the high of $20,959. The bullish momentum was repelled as the crypto fell below the $20,000 support. Today, the BTC price is trading in a tight range between $18,800 and $19,900 price levels. On the downside, if the bears break below the $18,800 support, the BTC price will fall and revisit the previous low at $17,605. Similarly, on the upside, if the bulls break the $19,900 resistance and the bullish momentum is sustained, Bitcoin will regain bullish momentum. The largest cryptocurrency is trading at $19,277 at the time of writing.
Bitcoin Will Recover to $28k By December, Deutsche Bank Analysts
Deutsche Bank analysts have based their forecast on the correlation between Bitcoin and S&P 500. The analysts made a forecast of 30% recovery for Bitcoin by December because of its correlation. The analysts, Marion Laboure and Galina Pozdnyakova indicated that the crypto markets have mirrored movements of the Nasdaq 100 and S&P 500 since late 2021. The pair believes that the S&P will rebound to its January levels. In the same vein, Bitcoin’s correlation to the index could result in a 30% increase in value from current levels midway through 2022. In other words, Bitcoin will be up to the $28,000 mark.
Meanwhile, Bitcoin is now fluctuating as it trades in a tight range above $19K. Nevertheless, a Fibonacci tool has indicated a possible decline of Bitcoin below $17,605. On May 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that BTC will fall to level 1.618 Fibonacci extension or level $16,647.76.
לייענען מער:
• ווי צו קויפן קריפּטאָקוררענסי
• ווי צו קויפן ביטקאָין
אונדזער רעקאַמענדיד ביטקאָין אַקאַונט
- קויפן, פאַרקויפן, האַנדל און קראָם בטק אויף די eToro פּלאַטפאָרמע
- סאציאל טריידינג פּלאַטפאָרמע און קאָפּיע טריידינג
- CySEC, ASIC & FCA רעגיאַלייטאַד
68% פון לאַכאָדימ ינוועסטער אַקאַונץ פאַרלירן געלט ווען האַנדל קפד מיט דעם שפּייַזער.
Source: https://insidebitcoins.com/news/bitcoin-price-prediction-for-today-june-30-btc-price-trades-in-a-tight-range-above-19k