25th June - Cryptocurrency Price Analysis
BTC failed to rally on June 22 and exhausted at $9,795.06.
This suggests more seller had control at price defending the $10,000–$10,500 resistance zone.
Repeated failure to break the levels suggest short term sellers are in control.
Bears might take advantage and sink the price below , a drop to $8,638.70 and below $9437 and to $8,130.58 is possible.
The pair can be range bound between $8130-$10,000 if it rebounds off $8,130.58.
Bearish if the bears sink the pair below $8,130.58.
Bullish if price rebounds off $9437 , the bulls will make one more attempt to push the price to $10,000 levels.
Bears are defending $253.556 and will be range bound between $225.783 and $253.556 for a few days.
Bearish below 225.783–$218.331 if this range cracks, a drop to $200 and below it to $176.112 is likely.
Bullish if it rebounds off $224, attempt to push the price above $253.556 and a new uptrend to resume.
Bears have the upper hand and target of this breakdown is $0.124412.
It is unlikely as the bulls will try to stall the decline at $0.16 and then at $0.14.
Bullish view look bleak.
Bears will now try to sink the price below $241 to $217.55.
A bounce off $217.55 will keep the pair range-bound between $217.55–$255.46 for a few more days.
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