Bitcoin (BTC) Price Prediction: BTC/USD Struggles below $35,000 as Bitcoin Poises for Uptrend

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

BTC/USD – Daily Chart
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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

Bitcoin (BTC/USD) Gaps Northbound Slightly

Bitcoin Price Prediction – June 28
The trading activity between Bitcoin and the USD fiat currency now slightly gaps northbound to trade around the value of $34,458 at a positive percentage rate of about 5.25.

BTC/USD Market
Key Levels:
Resistance levels: $37,500, $42,500, $47,500
Support levels: $30,000, $27,500, $25,000

BTC/USD – Daily Chart
The BTC/USD daily chart currently depicts that the crypto’s worth gaps northbound away from a lower point above the support level of $30,000. The market presently averages $35,000, where both the smaller SMA trend-line and the bearish trend-line are southwardly underneath the 50-day SMA indicator. The Stochastic Oscillators have crossed the lines to the north slightly against range 40 to signify that a buy pressure is somewhat ongoing.

 

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Could there be a reliable upward move as the market now slightly gaps northbound?

What has technically established regarding the BTC/USD trading operation is that … Read more

Ethereum Price Prediction: ETH/USD Returns Lowering in Values

Returns Lowering in Values – June 26
There have been returns to lowering in values of market activities that feature between Ethereum and the US Dollar. As of the time of writing, the crypto’s value stands around $1,767 at the rate of around -2.37 percent.

Returns Lowering in Values: ETH Market
Key Levels:
Resistance levels: $2,000, $2,500, $3,000
Support levels: $1,600, $1,400, $1,200

ETH/USD – Daily Chart
In an extension of the serially falling of the crypto market, the ETH/USD daily chart currently shows that price returns to lowering in values under the line of $2,000 resistance. The 50-day SMA indicator has been freshly intercepted from the top by the 14-day SMA trend-line as the bearish trend-line drew downward across them to get placed on the current immediate resistance of the same point earlier mentioned. The Stochastic Oscillators are in the oversold region with closed lines in an attempt to … Read more

Bitcoin Price Prediction: BTC/USD Climbs Above $35,000 Again

Bitcoin Price Prediction – June 24

Looking at the daily chart, the Bitcoin price is showing positive signs and it is likely to accelerate further higher in the near term.

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $40,000, $42,000, $44,000

Support Levels: $28,000, $26,000, $24,000

BTCUSD – Daily Chart

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According to the daily chart, after touching the daily low of $32,300, BTC/USD breaches $35,000 as all-time high beckons. The king coin is seen touching the 9-day and 21-day moving averages at $35,295. More so, the Bitcoin price is within touching distance of forming a new all-time high above the $35,000, which is quite remarkable.

Bitcoin Price Prediction: Will BTC Price sees a Further Upside?

At the time of writing, the Bitcoin price is seen trading comfortably towards the upper boundary of the channel as the price establishes a new bullish signal. Like the look … Read more

BTT Price Gains 4.4% to $0.00251 – How to Buy BitTorrent Token

BitTorrent Token has been having a tough month, attributed to the recent tumble in crypto prices. However, the token has been mimicking how bitcoin has been performing. Because of this, it has spiked in recent days as a response to bitcoin’s rise to $33K.

At the time of writing, BTT is trading at $0.00251 after a 4.4% gain in 24 hours.

BTT Price Analysis

Source: TradingView

The price of BTT has managed to go above critical support levels of $0.001, which means that the token could be on the verge of an increase towards the upper side. BitTorrent Token’s recent price could spike up buying support for the token and hence boost its value.

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BTT is one of the best performing cryptocurrencies this year. However, the cryptocurrency needs to recover its uptrend of 2021 and to do this, it needs to maintain a constant increase past its … Read more