As a researcher with a background in cryptocurrency and financial markets, I find the current market conditions intriguing. According to the latest data from CoinMarketCap, buyers have shown weakness at the start of the weekend, with Bitcoin (BTC) dropping by 0.66% over the last 24 hours.
Buyers remain weak at the start of the weekend, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has dropped by 0.66% over the last 24 hours.
As an analyst examining the hourly chart for Bitcoin (BTC), I observe that the price is making an attempt to surmount the immediate resistance at $61,128. Should this level be breached successfully, the subsequent advance could potentially extend towards the region around $61,500.
Although there was a minor uptick today, the larger technical trend on the daily chart continues to indicate bearishness. It’s important for investors to keep an eye on the significant level of $60,000 at present.
Should it erupt, the stored energy could potentially trigger a breakout of the support level, resulting in a downward test near $58,000.
As a researcher studying cryptocurrency market trends from a midterm perspective, I would advise focusing on the weekly candle closures. If the weekly candlestick finishes significantly away from the $59,112 mark, there’s a potential for a rebound toward the $62,000 region in the near future.
Bitcoin is trading at $61,062 at press time.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- AVAX PREDICTION. AVAX cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- EUR KRW PREDICTION
- USD PHP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- PHB PREDICTION. PHB cryptocurrency
- BEN PREDICTION. BEN cryptocurrency
- Top gainers and losers
2024-06-29 18:11