Bitcoin Price Prediction: BTC/USD Stays Below $9,500; Price May Weaken Further ByAzeez MustaphaPRO INVESTOR Updated: 21 June 2020 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. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin (BTC) Price Prediction – June 21 The daily chart of Bitcoin (BTC) shows harsh pullback today and has affected the majority of altcoins within the market. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $10,400, $10600, $10,800 Support Levels: $8,400, $8,200, $8,000 BTCUSD – Daily Chart BTC/USD is putting the traders under a nail-biting situation as the coin keeps heading downwards till just now. From its pulled-back price level of $9,280, BTC price is yet to bounce up to $9,500. The coin touched the daily high of $9,426 when the day opens, and the price correction is driving the coin below $9,300. Such notable price decline has triggered doubts amongst the crypto community as the decline has affected other coins within the market. Moreover, the coin is trading at $9,310 and displays an intraday loss of 0.48%. The prevailing trend is still ranging from expanding volatility. The leader of cryptocurrencies currently consolidates in a bullish flag pattern. Meanwhile, a breakout from this pattern is supposed to continue in the direction of the previous trend. In this case, traders expect BTC/USD to rise above $9,800 resistance and could move towards the potential resistance levels at $10,400, $10,600, and $10,800. However, should Bitcoin price failed to move above the 9-day and 21-day moving averages; the price could drop below the lower boundary of the channel. A further low drive could send the price to $8,400, $8,200, and $8,000 support. The technical indicator RSI (14) is revealing a sign of trend reversal, which shows a possible bearish momentum. BTC/USD Medium – Term Trend: Bearish (4H Chart) Looking at the 4-hour chart, the bears are seen dominating the market tremendously, but the bulls are trying to defend the $9,300 support as well. Meanwhile, the $9,100 and below may come into play if BTC breaks below the mentioned support. BTCUSD – 4 Hour Chart But if the buyers can reinforce and power the market, traders can expect a retest at $9,400 resistance level, and breaking this level may further allow the bulls to reach $9,600 and above. The RSI (14) crosses below the 45-level which indicates that more bearish signals may play out. Join Our Telegram channel to stay up to date on breaking news coverage