Bitcoin Price Prediction: BTC/USD Finds New Support below $35,000 ByAzeez MustaphaPRO INVESTOR Updated: 19 June 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Bitcoin Price Prediction – June 19 The Bitcoin price extends the bearish movement to the areas marginally below $35,000 after numerous trials to sustain gains above $40,000. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD falls below $35,300 once again as the largest cryptocurrency embarked on a support smashing exercise after failing to hold above $41,000 following a significant breakout in the last few days. However, the bearish control is noticed across the market with other major digital assets posting similar losses as they trade below the 9-day and 21-day moving averages. Bitcoin Price Prediction: Would BTC Price Drop More? The Bitcoin price is hovering at $35,907 with an intraday loss of 0.15%. The prevailing trend is bearish with expanding volatility. BTC/USD is currently consolidating in a bearish flag pattern. Meanwhile, a breakdown from this pattern is supposed to continue in the direction of the previous trend. In this case, the Bitcoin price is expected to drop below 9-day and 21-day MAs and could move towards the critical support levels at $28,000, $26,000, and $24,000. However, should the Bitcoin price remains above the upper boundary of the channel; the price could rise to $42,000 vital resistance. A further bullish drive could push the price to $44,000, $46,000, and $48,000 resistance levels. The technical indicator Relative Strength Index (14) is revealing a sign of sideways movement, which shows possible indecision within the market movement. BTC/USD Medium – Term Trend: Ranging (4H Chart) At the opening of the market today, the Bitcoin price first went up but dropped slightly within 24 hours, bringing its price from $36,457 to reach around $35,384. Should the price continue to drop further and move below the lower boundary of the channel, it could reach the nearest support level of $34,000 and below. BTCUSD – 4 Hour Chart Moreover, if the bulls push the coin above the 21-day moving average, the Bitcoin price could reach the potential resistance level of $38,000 and above. Presently, the market may continue to move sideways or experience an uptrend as the Relative Strength Index (14) indicator moves to cross above the 40-level. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 75% of retail investor accounts lose money when trading CFDs with this provider