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Bitcoin Price Analysis — June 14
Bitcoin cannot seem to catch a break as bears deal another devastating blow to the benchmark cryptocurrency. BTC slumped to the $20,800 low in the Asian session today, triggering massive liquidations across the market.
The price appears to have stabilized above the $22,000 mark as the flagship cryptocurrency eases out of overheated conditions. This should give buyers a window to push the price towards $25,000 - $26,000 over the coming days. However, with many investors choosing to remain on the sidelines, we could see an extended bearish restriction under $24,000 followed by a possible push to $20,000.
Meanwhile, my resistance levels are at $23,000, $24,000, and $25,000, and my key support levels are at $22,000, $21,000, and $20,000.
Total Market Capitalization: $940.8 billion
Bitcoin Market Capitalization: $423.9 billion
Bitcoin Dominance: 45%
Market Rank: #1
The price appears to have stabilized above the $22,000 mark as the flagship cryptocurrency eases out of overheated conditions. This should give buyers a window to push the price towards $25,000 - $26,000 over the coming days. However, with many investors choosing to remain on the sidelines, we could see an extended bearish restriction under $24,000 followed by a possible push to $20,000.
Meanwhile, my resistance levels are at $23,000, $24,000, and $25,000, and my key support levels are at $22,000, $21,000, and $20,000.
Total Market Capitalization: $940.8 billion
Bitcoin Market Capitalization: $423.9 billion
Bitcoin Dominance: 45%
Market Rank: #1
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