Search Inside Bitcoins

Bitcoin Price Prediction for Today, June 21: BTC Trades Above $20,000

Bitcoin Price Prediction
Bitcoin Price Prediction

Join Our Telegram channel to stay up to date on breaking news coverage

The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move towards the $22,000 level.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $21,169
  • Bitcoin market cap – $404.0 billion
  • Bitcoin circulating supply – 19.0 million
  • Bitcoin total supply – 19.0 million
  • Bitcoin Coinmarketcap ranking – #1

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $26,000, $28,000, $30,000

Support Levels: $15,000, $13,000, $11,000

BTC/USD is at the moment trading at $21,169 with a 3.02% gain since the beginning of today’s trading. The Bitcoin price could struggle to stay above the 9-day moving average. More so, for BTC/USD to remain above this barrier, it could make many traders feel that the $20,000 support level could be pretty strong.

Bitcoin Price Prediction: Would BTC Price Break Higher

The Bitcoin price could not drop much the cause of today’s trading, but if the first digital coin breaks below the support level of $19,000, it could change the direction of the coin to face the lower boundary of the channel. Alternatively, Bitcoin (BTC) may reclaim the previous resistance level of $22,000 to head to the upside. If successful, BTC/USD could aim at the resistance levels of $26,000, $28,000, and $30,000 respectively.

Nevertheless, the technical indicator Relative Strength Index (14) is still below the 35-level as the coin may consolidate around this level. Moreover, this could mean that there may still be a room that could be explored by the bears if it crosses below 30-level. Therefore, the support levels of $15,000, $13,000, and $11,000 may play out.

BTC/USD Medium-Term Trend: Ranging (4H Chart)

From a technical point of view, on the 4-hour chart, the technical indicator Relative Strength Index (14) is now hovering above the 50-level, and this may confirm the bullish movement if it moves toward the 60-level. Meanwhile, adding to the above, there is a little bit of bullish divergence on the RSI (14) as the coin remains above the 9-day moving average to continue the bullish movement.

BTCUSD – 4-Hour Chart

However, if the Bitcoin price breaks below the moving averages, the market price may reach support at $18,000 and below. Meanwhile, if the current market value rises and crosses above the upper boundary of the channel, it may reach the resistance level at $25,000 and above.

eToro - Our Recommended Bitcoin Platform

Our Rating

eToro exchange
  • Regulated by the FCA, ASIC and CySEC
  • Buy Bitcoin with Bank transfer, Credit card, Neteller, Paypal, Skrill
  • Free Demo Account, Social Trading Community - 20 Million Users
  • Free Bitcoin Wallet - Unlosable Private Key
  • Copytrade Winning Bitcoin Traders - 83.7% Average Yearly Profit
eToro exchange
68% of retail investor accounts lose money when trading CFDs with this provider.

Read more:

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

X

FightOut Presale - Earn Crypto for Working Out

FightOut Presale - Earn Crypto for Working Out

FightOut Presale - Earn Crypto for Working Out

X