23rd June - Cryptocurrency Price Analysis
(By Shivkumar)
1) BTC/USD
BTC has been consolidating near $10,000–$10,500 for the past few weeks and a bullish setup is formed.
For the uptrend to resume the bulls will have to push the price above the $10,000–$10,376.38 which will complete bullish pattern and a target objective of $11,869.42.
Bearish if BTC pair reverses from the current levels or from $ 10,000.
These will attract selling by the short-term traders.
Selling could be aggressive on a break below $8,910.04 and sink the pair to $8,130.58.
2) ETH/USD
Ether has bounced off at $225.783 and has cleared the path at $239.45 and next level to watch out for is $253.556.
If the rally is picked and a break out of $253.556 and move towards $288.599. These levels will be aggressively defended by bears.
Bearish from current levels or from $253.556 and breaks below $220.
Below this level, a drop to $200 and then to $176.112 is possible.
3) XRP/USD
A breakout of $ 0.19 will signal advantage to the bulls.
Bearish if pair turns down from the $0.193.
In such a scenario, the bears will once again try to sink the price below $ 0.188, if they are successful, a new downtrend is likely.
4) BCH/USD
BCH has been trading between $255.46–$217.55 for the past few days.
If bulls push the price above $ 242 , a rally to $255.46 is possible.
If bear pull the price below $ 242, a drop to $217.55 is possible.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update shiv@shivfxcrypto.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326
