• Bitcoin (BTC/USD) managed to stay above the 30000 figure in Asian session, due to month-ending volatility which saw a rapid depreciation to the 29417.14 area.
• BTC/USD notched a June gain of approximately 11.9% and the pair is now up approximately 83.5% year-to-date.
• Technical Support and buying pressure are expected around 24440.41/ 23270.10/ 22769.39 with Stops expected below, while Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 with Stops expected above on 4-hourly chart & 60-minute chart slowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage
Bitcoin (BTC/USD) Price Movement
Bitcoin (BTC/USD) worked to remain above the 30000 figure early in the Asian session as the pair encountered month-ending volatility that saw a rapid depreciation to the 29417.14 area, representing a test of the 38.2% retracement of the appreciating range from 26165.98 to 3144367 . This quick downward move took place shortly after BTC/USD spiked higher to the 30277 area, its strongest print in several trading sessions, and opens up a possible test of the 28604.83 area.
BTC/USD notched a June gain of approximately 11.9% , and the pair is now up approximately 83