Bitcoin (BTC) Price Prediction – June 29
Today, BTC/USD begins another break down as the market price could hit $9,000.
BTC/USD Long-term Trend: Bearish (Daily Chart)
Resistance Levels: $9,700, $9,900, $11,100
Support Levels: $8,350, $8,150, $7,950
BTC/USD may be resuming back into a selling mode, after an erratic recovery yesterday. Early this morning, the coin topped at $9,138 and has been in retreat ever since. At the time of writing, BTC/USD is trading at $9,057, down 0.61% below the 9-day and 21-day moving averages. Bitcoin continues to narrow down towards the lower boundary of the channel. The downtrend is clearly shown by taking a broader technical picture using the daily chart.
Moreover, the BTC/USD price is struggling to hold a couple of important supports near $9,000. The price is likely to continue lower below the $8,900 and $8,800 support level. If there is a … Read more