Bitcoin

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<ul>
 <li>Bitcoin shows a slow recovery with a 1.43% increase, trading at $68,688.70.</li>
 <li>Analysts predict a bullish rally if Bitcoin holds above its current price.</li>
</ul>
Bitcoin began June on a dull note, entering the bearish zone and dropping below $67.5K. However, over the past 24 hours, it has shown signs of a slow recovery. The lowest and highest prices today ranged between $67,315.53 and $68,743.08. Currently, Bitcoin is trading at $68,688.70, reflecting a 1.43% price increase with trading volume up by 84%.
The past month has been a wild ride for the crypto market, with geopolitical war tensions, ETH ETFs getting the green light, the US election buzz, and <a href="https://thenewscrypto.com/bidens-sab-121-veto-upholding-protection-or-stifling-freedom/" target="_blank" rel="noopener noreferrer nofollow">SAB121</a> stirring the pot. Despite the chaos, Bitcoin has pumped 8% over the last month, flirting with a new all-time high but couldn’t keep the momentum going.
Bitcoin investors keep their hopes up as <a href="https://thenewscrypto.com/crypto-whales-navigate-choppy-waters-amid-regulatory-tides/" target="_blank" rel="noopener noreferrer nofollow">whale</a> accumulation continues to rise, with trading volume up 97% in the past 24 hours. Meanwhile, Analysts suggest that Bitcoin’s current pattern mirrors the symmetrical triangle seen in 2017, indicating a potential breakout and the start of a bullish rally.
Renowned Bitcoin analyst Ali commented on the situation, <a href="https://x.com/ali_charts/status/1797297611885457818" target="_blank" rel="noopener noreferrer nofollow">stating</a> on X (formerly Twitter), “Bitcoin currently hovers around the +0.5σ pricing band at $66,800. If BTC can hold above it, BTC will likely rise to test the 1.0σ pricing band at $79,600.” This suggests that Bitcoin has a strong potential to rise and test the next significant price level at $79,600.
<h3 class="wp-block-heading" id="h-what-s-ahead-for-bitcoin-in-the-short-term">What’s Ahead for Bitcoin in the Short Term?</h3>
The daily chart reveals a slippery bullish trend for BTC, with the 9-day EMA at $68,205. The daily RSI stands at 57, indicating a neutral situation.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/6M0aUMwWn7OvZCnP9cBOdfjt3AvmyuALG69dYVnPtTna2gGkxGj6z9HF9M06VdRmmgt_lCUW9Y8Gw_2vhHWFHvi2VI7w65g7t5AErkMmovPEnTuZitDigeQh8jWNPfFVObJa0Z4GRVzVULYUiIr4Fc0" alt="">
 <figcaption class="wp-element-caption">
 BTC Price Chart, Source: TradingView
 </figcaption>
 </figure>
</div>
If BTC bulls continue their momentum, the <a href="https://in.tradingview.com/chart/EJXIwxE9/?symbol=BINANCE%3ABTCUSDT" rel="noopener noreferrer nofollow">price</a> might reach $68,752, with the next target at $72,252. However, if the bears regain control, the price could drop to $66,310, with a lower support level at $64,654.
Highlighted News Of The Day
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Is Bitcoin on the Verge of a Major Bullish Breakout?

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