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Bitcoin Price Prediction for Today, June 14: BTC Slumps After Touching $23,299

The Bitcoin price prediction shows that BTC rises in the early hours of today, but got rejected as the market ranges.

Bitcoin Prediction Statistics Knowledge:

  • Bitcoin worth now – $22,222
  • Bitcoin market cap – $423.3 billion
  • Bitcoin circulating provide – 19.0 million
  • Bitcoin whole provide – 19.0 million
  • Bitcoin Coinmarketcap rating – #1

BTC/USD Lengthy-term Development: Bearish (Each day Chart)

Key ranges:

Resistance Ranges: $30,000, $32,000, $34,000

Help Ranges: $15,000, $13,000, $11,000

BTC/USD could proceed to observe the bearish motion if the bears pressure the king coin to bow all the way down to recent losses. Presently, BTC/USD is altering arms at $22,222 after adjusting from the resistance stage of $23,299, which is an intraday excessive.

Bitcoin Worth Prediction: Bitcoin (BTC) Bears Could Floor Once more

The Bitcoin worth reveals that the market worth could proceed with the downtrend because the bullish motion shouldn’t be seen now. In the meantime, the technical indicator Relative Power Index (14) could affirm the bearish motion if the sign line stays throughout the oversold area.

Nonetheless, the bulls try to push the Bitcoin worth above the resistance stage of $30,000. Due to this fact, any bearish motion beneath the decrease boundary of the channel could trigger the coin to succeed in the vital helps at $15,000, $13,000, and $11,000. On the constructive aspect, if the king coin heads towards the higher boundary of the channel; it might hit the closest resistance ranges at $30,000, $32,000, and $34,000 respectively.

BTC/USD Medium-Time period Development: Bearish (4H Chart)

In response to the 4-hour chart, the Bitcoin worth stays beneath the 9-day and 21-day transferring averages because the bears proceed to dominate the market. Quite the opposite, the bulls try to defend the $22,000 help. If not, the help stage of $20,000 and beneath could come into play ought to the king coin focuses on the downward motion.

BTCUSD – 4-Hour Chart

Furthermore, consumers may have to carry the present market worth at $22,194, as soon as that is completed, merchants could count on a motion above the 9-day transferring common, and this might take the Bitcoin worth to the resistance stage of $25,000 and above. In the meantime, the technical indicator Relative Power Index (14) is seen throughout the oversold area suggesting a steady bearish motion.