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Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – June 11

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Bitcoin Price Analysis: BTC At a Precipice, A Drop to $6,600 Possible

Bitcoin Price Analysis: BTC At a Precipice, A Drop to $6,600 Possible

  • From the Fibonacci tool, the crypto’s price is in the 0.382 (38.2%) Fib. retracement level. This is the continuation zone for a trending market.
  • On the upside, if the $7,500 support level holds, the BTC price will resume its upward move to retest the overhead resistance level.

BTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $8,500, $9,000 ¸ $9,500
  • Support levels: $7,500, $7,000, $6, 500

Yesterday, June 10, the price of Bitcoin has made a bullish move to retest the $9,000 overhead resistance level. In the previous week, there was price stability. The BTC market was on a downward correction and price found support at the 0.382 Fib. retracement level. The market was range bound above the Fib. retracement level. If the bulls break above the 12-day EMA and the 26-day EMA  The crypto’s price would rise to retest the overhead resistance levels.

From the Fibonacci tool, the crypto’s price is in the 0.382 (38.2%) Fib. retracement level. This is the continuation zone for a trending market. On the upside, if the $7,500 support level holds, the BTC price will resume its upward move to retest the overhead resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. On June 10, the market was up as it reached the high of $7,989 price level and began a range bound move above the 12-day EMA and the 26-day EMA.

The market is currently facing resistance at the $8,000 price level. Each time the bulls tested the $8,000 price level, the price would fall or retrace to the 12-day EMA. The market recorded three different scenarios. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

Bitcoin’s price is $7,966.00 BTC/USD exchange rate today. The real-time BTC market cap of $141.42 Billion currently ranks #1 with a chart dominance at 55.64%, daily trading volume of $4.98 Billion and live coin value change of BTC 3.38 in the last 24 hours.

Today’s Latest Bitcoin Price Analysis, Chart Forecasts and Industry News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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