Bitcoin (BTC) Fluctuates in a Price Range as Bitcoin Poises for Uptrend– June 28, 2021
For the past 48 hours, BTC/USD has been consolidating below the $35,000 resistance zone as Bitcoin poises for uptrend. It has been established that consolidation near a resistance zone increases the chances of a possible breakout. A breakout above the $35,000 resistance will push Bitcoin to the high of $38,000. Subsequently, the bullish momentum will extend to retest the $40,000 to $42,000 resistance zones.
Resistance Levels: $45,000, $46,000, $47,000
Support Levels: $35,000, $34,000, $33,000
Since June 23, BTC’s price has been struggling and retesting the $35,000 resistance zone to break above it. On June 23, buyers were repelled as the crypto fell to $32,000 low. At the $32,000 low, the bulls pushed BTC’s price to the high of $35,495. This bullish move attracted sellers who plunged Bitcoin to … Read more