13th June - Cryptocurrency Price Analysis
Bitcoin $10,000 again proved a challenge to cross the price turned down sharply and shows bear defending these position.
Buyers are struggling to push the price above $9,529.
Bearish below $ 9,529 and breaks below $9,078.96, a decline to $8,130.58 is possible and could start a new downtrend.
Bullish above $9,529 another attempt to climb the $10,000–$10,500 zone is likely and can start a sustained uptrend.
Bulls are again purchasing at the drop to the uptrend line.
The bulls are attempting to push the price above $ 288 and if successful a rally to $253.556 is possible.
If the ETH/USD pair below $ 288 it will signal a possible change in trend.
A breakout of the $ 0.203 will be a positive sign and it could offer a buying opportunity to the traders and can rally to $0.235688 and target at $0.2707.
Bearish below $ 0.19 will try to sink the price and if successful, a drop to $0.16 and then to $0.14 is likely.
Above $ 246 if successful, a rally to $255.46 is possible,$260 and pick up momentum above $280.47.
Below $ 246,the next support at $217.55.
If this support holds, the pair might remain stuck between $217.55–$255.46. If the $217.55 level cracks the pair can drop to $200.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update email@example.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326