Bitcoin Price Prediction for Today June 26: BTC Price Fails to Jump the $21.7K Hurdle ByAzeez MustaphaPRO INVESTOR Updated: 26 June 2022 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. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Pushes to the Upside but Fails to Jump the $21.7K Hurdle – June 26, 2022 On June 18, BTC/USD declined to $17,605 low as it fails to jump the $21.7K hurdle. Bitcoin has rallied to the high of $22,020 but it is facing rejection at the recent high. Bitcoin bulls have two hurdles to jump. Buyers have to overcome the resistance at $21,675 and $23,010.Bitcoin Price Statistics Data:•Bitcoin price now – $21,294.69•Bitcoin market cap – $406,266,533,337•Bitcoin circulating supply – 19,077,881.00 BTC•Bitcoin total supply – $447,242,439,922•Bitcoin Coinmarketcap ranking – # 1Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $30,000, $25,000, $20,000 Buy Bitcoin Now Following the recent upward correction, Bitcoin rallied to the high of $22,020 as it faced rejection at the recent high. First and foremost, if the bulls break the $22,000 resistance zone, Bitcoin will rally to the next resistance at $23,010.The largest cryptocurrency failed to break the initial resistance at the $22,000 high, hence the selling pressure. BTC price will decline and find support above $20,000 support. The downtrend will resume when the bears break below the $20,000 support. That is, BTC price will decline to the low of $17,605. China Warns on Bitcoin Heading to Zero as BOE Remains Positive The Chinese government has taken advantage of the recent downturn in the crypto market by warning crypto investors that Bitcoin (BTC) prices are “heading to zero.” According to the Economic Daily report the west is to be blamed for creating a highly-leveraged market that is “full of manipulation and pseudo-technology concepts.” “Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” said the newspaper: “In the future, once investors’ confidence collapses or when sovereign countries declare Bitcoin illegal, it will return to its original value, which is utterly worthless.” However, Deputy Governor for the BOE, Jon Cunliffe has told Bloomberg that the crypto firms that stayed afloat during the current downturn would be the “dominant players” in the industry when things turn around: “Whatever happens over the next few months to crypto-assets, I expect crypto technology and finance to continue. It has the possibility of huge efficiencies and changes in market structure.” BTC/USD – Daily Chart Meanwhile, Bitcoin is declining as it fails to jump the $21.7K hurdle. The crypto is likely to revisit the current support as demand dries up at higher price levels. Bitcoin risks further decline if the bulls fail to defend the $20,000 psychological price level. Read more:• How to buy cryptocurrency• How to buy Bitcoin Our Recommended Bitcoin Account Our Rating Buy, sell, trade and store BTC on the eToro platform Social trading platform & copy trading CySEC, ASIC & FCA regulated Visit Site Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. Join Our Telegram channel to stay up to date on breaking news coverage