Bitcoin price analysis (daily update)

[Churphans]

The rate of Bitcoin (BTC) has increased slightly since yesterday. The price change is +1.86%.

The rise of the main crypto is not accompanied by the trading volume. Moreover, it keeps going down, which means that bulls have not accumulated enough strength for continued growth. In this case, the more likley price action is sideways trading in the range of $37,500-$39,000 until the end of the week.
Bitcoin is trading at $38,666 at press time.

[Altcoin1998$]

On the weekly chart, Bitcoin (BTC) has not declined after a false breakout of the $40,000 level, which confirms buyers' power. If bulls can close the forming weekly candle above the $39,000 mark, there is a high probability of expecting the ongoing growth to reach the next level at $43,769 next week.

Bitcoin is trading at $36,773 at press time.

[Coin63@]

7 June

Bitcoin’s daily chart flashed some troubling signs for its mid-term trajectory. At the outset, BTC maintained its channel between $39,000 and $33,500 and it seemed like the market was fairly in balance between buyers and sellers. However, this state of equilibrium could soon be disrupted by a wave of bearish sentiment. BTC’s 50-SMA (yellow) closed in on the 200-SMA (green) and a death cross seemed imminent over the coming days. The last death cross took place in March 2020 when BTC fell as low as $3,850, and took nearly a month to recover above $10,000. If that were the case this time as well, we might be facing an extended bear market.

[ExtraPoint]

Bitcoin price today is $34,321.67 USD with a 24-hour trading volume of $48,088,423,699 USD. Bitcoin is up 4.28% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $642,872,958,150 USD. It has a circulating supply of 18,730,818 BTC coins and a max.
Link: https://coinmarketcap.com/currencies/bitcoin/

[Altcoin1998$]

8 June
Bitcoin’s price has been in a vulnerable position throughout the last week. The king coin has failed to hold on $41,000, $39,500 and more recently, the $38,000 range. While BTC has been finding higher support levels in the process, a symmetrical triangle breakout was most likely going to tip in favor of the bears as the preceding trend was bearish. Moving forward, BTC must find support between $28,000 and $30,000 as a breakdown could trigger a more cascading sell-off. A fall towards $20,000 could become a reality in such a situation.

[Paglamon]

8 June
Bitcoin’s price has been in a vulnerable position throughout the last week. The king coin has failed to hold on $41,000, $39,500 and more recently, the $38,000 range. While BTC has been finding higher support levels in the process, a symmetrical triangle breakout was most likely going to tip in favor of the bears as the preceding trend was bearish. Moving forward, BTC must find support between $28,000 and $30,000 as a breakdown could trigger a more cascading sell-off. A fall towards $20,000 could become a reality in such a situation.

Right now I think Bitcoin is in the market with a downward wave in the $35k zone in a symmetrical triangle. Many are seeing the possibility of a downward crush on bitcoin prices. However, if you have noticed the buy order in the binance exchange. Large investors have placed 1196 btc orders there. So I think Bitcoin's minimum support area is $30k. However, if the price of Bitcoin falls below this, then the minimum support will be 24500$.

[Coin63@]

12 June analysis

look at BTC’s daily chart showed the formation of a descending channel since the 19 May crypto sell-off. Its price formed lower highs at $42,000, $39,000, and $38,000 followed by lower supports as well. As BTC moved south from the upper trendline of the pattern, its next dip would likely drag the digital asset back to the strong defensive zone between $30-33K – A region that cushioned BTC’s gradual decline from $65,000.
From this point onwards, two outcomes are possible. A favorable outcome would see the market leader bounce back from its critical support and break north from its pattern. January highs of $42,000 can be set as the first crucial target for a bullish comeback. On the other hand, a breakdown could trigger another 20% retracement as little to no defensive lines lay between BTC’s descent towards its mid-December highs of $24,000.

[Ransow]

Today the price of bitcoin is moving towards $40k at this moment the price of bitcoin is $39311, and  24 hours growth is +9.50% yes this is a good sign for cryptomarket however still bitcoin is shot term bearish trend if bitcoin break $42k resistance definitely we can see a good bull market again in a short term.

[Coin63@]

15 June

The last 48 hours have been highly favorable for Bitcoin. The rally helped the king coin rise in price by 16.4% to trade at $40,285 at the time of writing. BTC had been struggling to break past $40,000 for more than 2 weeks now which it finally achieved in the early hours of trade today. Simple Moving Averages lines – 50 SMA (orange) and 100 SMA (red) were heavily bullish for the coin. The lines moved into support positions far below the candlesticks.

[ExtraPoint]

Bitcoin price today is $38,845.49 USD with a 24-hour trading volume of $40,105,637,008 USD. Bitcoin is down 3.62% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $727,839,915,539 USD. It has a circulating supply of 18,736,793 BTC coins and a max.
Link: https://coinmarketcap.com/currencies/bitcoin/

[ayatoslaw]

On TF 12H Bitcoin looks safe, because it is still being held by trend line,
now bitcoin is trying to close candle above 32k area,
If successful, there is a possibility that bitcoin will go to 33k usd and 35k usd area,
but in the worst case if it fails to close candle in the area ​​32k usd, there is a possibility that bitcoin will go to area of ​​30k usd and 28k usd.

Note:
- Do Your Own Research
- Not Financial Advice

[blue]

Yesterday the price of bitcoin declined to $29k  now it has started to recover but BTC market is still in fear  it's trade volume is $61billion also bitcoin domination is slowly increasing if BTC will touch $45k again definitely we can see a big bull market again I think this is the good time to accumulate. Currently the price of bitcoin is $34k.

[Meta]

Bitcoin price today is $33,435.09 USD with a 24-hour trading volume of $37,643,842,434 USD. Bitcoin is down 3.52% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $626,761,102,346 USD. It has a circulating supply of 18,745,606 BTC coins and a max.
link

[Bitdog]

There is no big changes in the price of bitcoin over the past three weeks still Bitcoin is moving in accumulation zone today the price of BTC is $33506 24 hours down by -3.12% my opinion don't panic holding is a good strategy and strongest man are doing like this at the panic market because still we are in the bull market.

[ayatoslaw]

Bitcoin failed to hold on 33k usd area, and once again Bitcoin will try to test 30k usd support area,
if this time 30k usd fails to hold bitcoin, there is a possibility that bitcoin will go to the 28k and 25k area or below.

I hope, 30k area can hold bitcoin so that it goes back up to the 35k usd area.

Note:
- Do Your Own Research
- Not Financial Advice