{"id":266189,"date":"2020-06-27T00:12:49","date_gmt":"2020-06-27T04:12:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=266189"},"modified":"2021-07-25T17:47:38","modified_gmt":"2021-07-25T21:47:38","slug":"bitcoin-price-prediction-bitcoin-btc-hovers-around-9000-lower-region-shows-weakness-and-not-looking-power","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-bitcoin-btc-hovers-around-9000-lower-region-shows-weakness-and-not-looking-power","title":{"rendered":"Bitcoin Price Prediction: Bitcoin (BTC) Hovers Around $9,000 Lower Region, Shows Weakness and Not Looking Powerful"},"content":{"rendered":"\r\n

Bitcoin (BTC) Price Prediction \u2013 June 27, 2020<\/strong>
BTC\/USD<\/a> pair has recovered from its recent breakdown on June 25 after it plunged to $9,011 low. However, the recovery has not been over as buyers continue to struggle at the $9,000 lower region. The sideways trading between $9,000 and $10,000 will resume once BTC recovers fully from the lower region.

Key Levels:<\/strong>
Resistance Levels: $10,000, $11, 000, $12,000
Support Levels: $7,000, $6,000, $5,000<\/p>\r\n

\"\"<\/a>
BTC\/USD – Daily Chart<\/figcaption><\/figure>\r\n

Bitcoin is now hovering in the lower region of $9,000. The bears have retested the $9,100 and $9,050 lows after the initial fall. Bitcoin is showing a sign of weakness as it hovers around the lower region of $9,000. Analysts believe that this sideways trading will eventually lead to a downward movement of prices. The king coin has risen to $9,100 at the time of writing. In a couple of days, if BTC rises to $9,400, it is assumed that the coin will resume the upside range trading. In the upside range trading, price fluctuates between $9,300 and $9,800 to retest the $10,000 overhead resistance.

Once the bulls clear the $9,800 resistance, price will accelerate to retest the major resistance. In the meantime, price is fluctuating between $9,000 and $9,200. Bitcoin will likely resume a downward move if the current support fails to hold. On the downside, if the bears break below $9,050, it will signal the resumption of the downtrend. At the moment, the bulls and bears are in a price tussle in the lower region of $9,000.The Relative Strength Index period 14 is at level 45. It indicates that the market is in the downtrend zone and below the centerline 50.

BTC\/USD Medium-term Trend: Bullish (4-Hour Chart)<\/strong>
On the 4 hour chart, the bulls are defending the lower region of $9,000 as the downward move was repelled on two occasions. A Fibonacci tool is used to determine the current bullish impulses.<\/p>\r\n

\"\"<\/a>
BTC\/USD – 4 Hour Chart<\/figcaption><\/figure>\r\n

A correction candlestick body tested the 0.786 Fibonacci retracement level. This indicates that Bitcoin is likely to rise to 1.272 Fibonacci extension level. This upward move is in the $9,900 region. Thereafter, price will reverse to 0.786 Fibonacci retracement level. In other words, price falls and resumes consolidation above $9,600. The king coin is above 25% range of the daily stochastic. Presently, it is in a bullish momentum.

<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 June 27, 2020BTC\/USD pair has recovered from its recent breakdown on June 25 after it plunged to $9,011 low. However, […]<\/a><\/div>","protected":false},"author":1742,"featured_media":266298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7812,8009],"class_list":["post-266189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btc-usd","tag-price-prediction"],"acf":[],"yoast_head":"\nBitcoin Price Prediction: Bitcoin (BTC) Hovers Around $9,000 Lower Region, Shows Weakness and Not Looking Powerful - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"BTC\/USD pair has recovered from its recent breakdown on June 25 after it plunged to $9,011 low.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction: Bitcoin (BTC) Hovers Around $9,000 Lower Region, Shows Weakness and Not Looking Powerful\" \/>\n<meta property=\"og:description\" content=\"BTC\/USD pair has recovered from its recent breakdown on June 25 after it plunged to $9,011 low.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-27T04:12:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-25T21:47:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/06\/BTC-Insidebitcoin-20.png\" \/>\n\t<meta property=\"og:image:width\" content=\"987\" \/>\n\t<meta property=\"og:image:height\" content=\"617\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Bitcoin Price Prediction: Bitcoin (BTC) Hovers Around $9,000 Lower Region, Shows Weakness and Not Looking Powerful\",\"datePublished\":\"2020-06-27T04:12:49+00:00\",\"dateModified\":\"2021-07-25T21:47:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189\"},\"wordCount\":385,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/06\/BTC-Insidebitcoin-20.png\",\"keywords\":[\"Bitcoin\",\"btc\",\"BTC\/USD\",\"Price Prediction\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/266189\",\"name\":\"Bitcoin Price Prediction: Bitcoin (BTC) Hovers Around $9,000 Lower Region, Shows Weakness and Not Looking Powerful - 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