Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – June 20
BTC/USD Medium-term Trend: Bullish
·
Resistance Levels: $9,000, $9,200, $9,400
·
Support levels: $8,800, $8,600, $8, 400
Yesterday, June 19, the BTC price was in the bullish trend zone.
The hurdle to jump over is the $9,400 overhead resistance. The bulls have been
battling to jump over the $9,400 resistance since June 17. Today, the BTC price
was trading at $9,277 as at the time of writing. The crypto is trading and
ranging below the overhead resistance levels.
From the Fibonacci
retracement level, the market is trading above the 0.236 and 0.382 Fib.
retracement levels. These are continuation zones for a trending market. The BTC
coin is expected to break the $9,400 resistance level. On the upside, the bulls
will overcome the $9,400 resistance, if more buyers are introduced at the upper
price levels. Meanwhile, the MACD line and the signal line are above the zero
line which indicates is a buy signal.
BTC/USD
Short-term Trend: Ranging
On the 1-hour chart, the BTC
price is in a bullish trend. From the chart, the bulls have tested the
$9,400 resistance level on more than three occasions . Three attempts had been
made to break the overhead resistance but to no avail.
On the upside, if the bulls
break $9,400 overhead resistance, the crypto’s price will reach the $10,000
price level. Meanwhile, the MACD line and the signal line are above the zero
line which indicates is a buy signal.
The views and opinions
expressed here do not reflect that of BitcoinExchangeGuide.com and do not
constitute financial advice. Always do your own research
Source: https://bitcoinexchangeguide.com
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