 ▲ Bitcoin (BTC) © Coin Leaders |
The price of cryptocurrency leader Bitcoin (BTC) is trading around $61,000 on the 27th (Korean time).
According to CoinMarketCap, as of 7:12 am on this day, the price of 1 Bitcoin was $60,972, down 1.80% from 24 hours ago.
Bitcoin temporarily retreated from the day's high of $62,434.14 to $60,695.19.
Cointelegraph predicted, “Bitcoin is expected to continue its sideways trend within the trading range as traders begin buying at low prices below $60,000.”
The media said, “Bitcoin has been moving sideways within a large range between $56,552 and $73,777 for several months, which means buying near support and selling near resistance. Typically, when the price moves sideways in a range for a long period of time, “We need a clear trigger that can push the price above or below the range.”
“Selling forces tried to pull the price down below the support line due to selling pressure from the news that the German government was selling its Bitcoin holdings and Mt. Gox dividend payments. However, as buying forces came in to defend the support line and attempt recovery at a low price range, Investors also appear to have taken advantage of the recent weakness to buy again, with Bitcoin spot ETFs seeing net inflows of $31 million after outflows of about $1.3 billion over the past two weeks. “He expressed optimism about the future prospects.
Meanwhile, popular trader Jelle said that the $60,000 range acted as a support line and predicted that if a lower point is formed in a lower period, it is likely to rise to $63,500.
Popular trader Aksel Kibar said that the upper limit of the ascending parallel channel, $60,000, is forming a bullish trend, but if it breaks below this support line, the outlook will change from bullish to bearish, creating a double top. ) pointed out that patterns can be formed.
In particular, Keith Alan, co-founder of Material Indicators, a cryptocurrency market data platform, said, "Bitcoin's core price range for the June monthly closing is $56,500. If it closes June below $56,500, it will rise. “The trend may break,” he predicted.
