Technical Analysis for BTCUSD for 22nd June 2023
Bitcoin Explodes; BTC May Break $31k as Bulls Flow Back
Past Performance of BTC
Bitcoin Technical Analysis
Buyers have the upper hand, and the bull bar of June 21 is wide-ranging, pointing to buyers. Therefore, based on the formation in the daily chart, every attempt lower may offer entries for buyers to double down. The immediate support is $30k, while resistance is $31k. There were attempts for lower lows on the tail end of June 21. Overall, the uptrend remains provided prices are above $30k and with further support that prices are riding along the upper BB.
What to Expect from BTC
The long-term trend, following gains from March to April, is bullish. As it is, the past week's surge is a reversal from recent support levels and may anchor the next leg up toward $31k or better.
Resistance level to watch: $31k
Support level to watch: $30k
Disclaimer: Opinions expressed are not investment advice. Do your research.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
CryptoAltum does not accept any clients under the age of 18.