Bitcoin Price Forecast: BTC/USD Scans Towards $39,500

Bitcoin Price Forecast – June 15 Bitcoin price is trading below $40,000 against the USD and the coin is likely to rise steadily with a few downside moves. BTC/USD Long Term Trend: Bearish (Daily Chart) Key Levels: Resistance Levels: $47,000, $49,000, $51,000 Support Levels: $34,000, $32,000, $30,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD in recent days it was turbulent. Tight trading for several weeks with relatively low volatility. A few days ago, bitcoin price rallied sharply by breaking the USD 40,000 and USD 41,000 resistance levels against the US Dollar. The coin even broke the $41,000 level to trade at $41,076 before correcting lower. Currently, the price is bearish and it is moving towards the 9-day and 21-day moving averages at $39,913. Bitcoin Price Forecast: Will BTC Price Visit $41,000 Again? Bitcoin price has not yet crossed the upper limit of the channel. A significant upside break could form above the channel with support near $38,500 on the daily chart. However, if the decline occurs below the 9- and 21-day moving averages, Bitcoin price could extend the downside correction to the $36,000 level and any other losses could potentially push Bitcoin price towards the $35,000 support level. . Additionally, BTC/USD has dropped slightly to $39,563 at the time of writing. Further declines could cause the market to reach critical supports of $34,000, $32,000 and $30,000. In other words, if the market rebounds, we may see the next buying pressure towards the $47,000, $49,000 and $51,000 resistance levels. However, as the signal line breaks above the 50 level, BTC remains bullish according to the Relative Strength Index (14). BTC/USD Medium Term Trend: Looking at the changing (4H Chart) 4-hours chart, resistance near $41,000 was too heavy for the bulls to overcome. Therefore, the price is seriously struggling in a consolidation mode, leaving Bitcoin price uncertain.

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