Bitcoin (BTC) Daily Price Forecast – June 28

[MatyasZaborszkyScam]

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,100, $6,200, $6,300
Support levels: $5,900, $5,800, $5,700

Yesterday, June 27, price of Bitcoin fluctuated between the resistance level of $6,308 and the support level of $5,820. Today, price of the cryptoasset had been sustained above the $6,000 price level. Meanwhile, MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are neither above nor below the price bars of Bitcoin which indicates that the cryptoasset is ranging.

As the cryptoasset is range bound, the possibility of a breakout is imminent. Traders can adopt the use of pending orders to trade the market. At the resistance level, you can place a ”buy stop” for a bullish breakout. Similarly, at the support level, you can place a ”sell stop” for a bearish breakout.Meanwhile, the relative strength index period 14 is level 46 which indicates that price of Bitcoin is in the range bound zone.

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. Also, the price bars of Bitcoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing.

What is your opinion about this?

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[reflectcrypto]

Recently the transaction of BTC from USD and USD from BTC has been ranged. Hope this will bring betterment to the crypto community.

[GaryCynthia]

How this prediction is done? The price of bitcoin s very hard to predict. No one knows what wilol happen in future.

[jamesbtcearn]

it's not very difficult to know the market value, in here prices Chang moment to moment so the athouriy must have to provides these facilities so that the holders can have the chart and get their information , after involving with the market users automatically start learning these things

[RobertChaney]

That's an informative post. As. we all know, the cryptocurrency market is always fluctuating. Following the trend, the price of Bitcoin is also unstable.

[DavidBolster]

Even though the market is in a dip right now, there have been forecast and predictions by the analytics that the prices will go up at the end of this year. Let us remain hopeful and not fret about it, be a little bit more patient and hold onto the coins at the moment.