Bitcoin Price Prediction for Today, June 20 BTC Bounces Above $19,000 Level: The Bitcoin price estimate is up 4.32% as the bulls are working hard to develop an elegant trend from the $ 17,934 support.
Bitcoin Prediction Statistics:
Bitcoin is now priced at $ 19,767
Bitcoin market cap – $ 375.3 billion
Bitcoin distribution – 19.0 million
Total distribution of Bitcoin – 19.0 million
Bitcoin Coinmarketcap Ranking – # 1
BTC / USD Long Trend: Perish (Daily Chart)
Resistance levels: $ 27,000, $ 29,000, $ 31,000
Support levels: $ 12,000, $ 10,000, $ 8,000
BTC / USD As the market price continues to move towards the 9-day and 21-day moving averages, it is currently trading at the $ 19,767 resistance level, indicating the uptrend from today. Over the past few days, Bitcoin prices have been moving south and in the wake of the Bitcoin exchange rate forecast; The use of $ 20,000 resistance is expected.
Bitcoin price forecast: Will BTC break above the $ 20,000 resistance level?
According to the daily schedule, if The price of bitcoin The 9-day moving average can be surpassed and the market price will touch the $ 20,000 level. This is where traders should expect buyers to fight for a further rise in the BTC / USD and a further uptrend. However, the movement’s goal is to provide a level of resistance close to $ 22,000.
Meanwhile, given the market movement, Bitcoin may experience a quick recovery or sell if the price touches a significant $ 20,000 level, but otherwise; Traders may find additional resistance levels of $ 22,000 and $ 24,000 before pushing higher. Any further uptrend, however, will hit resistance levels of $ 27,000, $ 29,000 and $ 31,000, respectively.
Conversely, if the market decides to fall, the BTC / USD channel may fall below the lower limit, and if that support fails to sell, the Bitcoin price may see a further decline towards the $ 12,000 support level. , $ 10,000 and $ 8,000. According to a technical indicator, the Relative Strength Index (14) may move higher, leaving the market with higher returns.
BTC / USD Medium Trend: Bearish (4H Chart)
On the 4-hour chart, traders expect the currency to gain lost momentum so that it will be higher than the 21-day moving average. Conversely, if selling pressure still exists, it may hold the currency without following upward movement and operate at $ 16,000 and below.
However, as buyers keep prices above the moving average, traders can expect strong upward movement, which could hit resistance at $ 24,000 and above. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross the 50-level, suggesting that more bullish signals may be playing.
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Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.