Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Sellers are not going to give up so easily, according to the <a href="https://u.today/btc-eth-xrp-sol-and-ltc-price-analysis-for-june-19">CoinMarketCap ranking</a>.
<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="85beb447-c594-4b5e-a5fb-9dcb9696abd1" src="https://u.today/sites/default/files/inline-images/top10_500.png">
Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 id="btc-usd">BTC/USD</h2>
The rise of Bitcoin (BTC) has risen by almost 1%.
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="804b6504-3079-4b36-83a6-fe552a7a008b" src="https://u.today/sites/default/files/inline-images/btc1_107.png">
Image by <a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
Despite the rise, Bitcoin (BTC) is looking bearish on the local time frame, as the price is coming back to the support level at $26,700. If nothing changes, the breakout may lead to a further dump to $26,600.
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="9c1d961c-8540-434e-9349-ddb8d37d1bb7" src="https://u.today/sites/default/files/inline-images/btc2_96.png">
Image by <a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
On the daily chart, the rate of BTC has made a false breakout of yesterday's peak at $27,050. At the moment, traders should focus on the bar's closure.
<a href="https://u.today/bitcoin-btc-price-analysis-for-june-18-0">card</a>
If it occurs with no long wicks, there is a high probability of seeing an ongoing decline to $26,400.
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="0aba706c-12d3-4572-8648-8bc724aca483" src="https://u.today/sites/default/files/inline-images/btc3_93.png">
Image by <a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
From the midterm point of view, it is too early to make any predictions as the candle has not formed yet. However, if buyers can get the price above the $27,700 mark, one can expect a further upward move to the $28,000 zone.
Bitcoin is trading at $26,784 at press time.

Bitcoin (BTC) Price Analysis for June 20

Table of Contents

U_Today

Other articles published on Jun 20, 2023

Bitcoin Lightning Network Coming to Binance, Here's Proof

Deutsche Bank Applies for Crypto License to Become Trusted Custodian

RYI UNITY MULTI-CHAIN EXPANSION TO TWO OTHER BLOCKCHAINS BRINGS OPPORTUNITY TO NEW MARKETS

Gemini Announces Expansion Plans in APAC with Singapore as Operation Hub

BNB Chain Introduces opBNB Layer-2 Solution to Tackle Scalability Challenges

Metacade’s Highly Anticipated MEXC Listing Confirmed For 4th May

Join our free newsletter for daily crypto updates!