{"id":331365,"date":"2022-06-04T17:21:23","date_gmt":"2022-06-04T21:21:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=331365"},"modified":"2022-06-04T17:26:03","modified_gmt":"2022-06-04T21:26:03","slug":"bitcoin-price-prediction-for-today-june-4-btc-moves-to-cross-above-30000","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-june-4-btc-moves-to-cross-above-30000","title":{"rendered":"Bitcoin Price Prediction for Today, June 4: BTC Moves to Cross Above $30,000"},"content":{"rendered":"<p>The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move towards the $32,000 level.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $29,720<\/li>\n<li>Bitcoin market cap &ndash; $567.5 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.0 million<\/li>\n<li>Bitcoin total supply &ndash; 19.0 million<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Bearish (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $35,000, $37,000, $39,000<\/p>\n<p>Support Levels: $25,000, $23,000, $21,000<\/p>\n<p style=\"text-align: center\"><\/p><div class=\"su-button-center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#FFFFFF;background-color:#1d44bb;border-color:#183796;border-radius:0px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#FFFFFF;padding:0px 26px;font-size:20px;line-height:40px;border-color:#617dd0;border-radius:0px;text-shadow:none\"> Buy Bitcoin Now<\/span><\/a><\/div>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">BTC\/USD<\/a> is at the moment trading at $29,720 with a 0.17% gain since the beginning of today&rsquo;s trading. Looking at the daily chart, the Bitcoin price could struggle to stay above the 9-day and 21-day moving averages. More so, for BTC\/USD to remain above this barrier, it could make many traders feel that the $29,000 support level could be pretty strong.<\/p>\n<h2>Bitcoin Price Prediction: Would BTC Price Break Higher<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-june-3-btc-bears-may-slide-below-29000-support\">Bitcoin price<\/a> could not drop much the cause of today&rsquo;s trading, but if the first digital coin breaks below the support level of $29,000, 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 $32,000 to head to the upside. If successful, BTC\/USD could aim at the resistance levels of $35,000, $37,000, and $39,000 respectively.<\/p>\n<p>Nevertheless, the technical indicator Relative Strength Index (14) is moving below 50-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 40-level. Therefore, the support levels of $25,000, $23,000, and $21,000 may play out.<\/p>\n<h2>BTC\/USD Medium-Term Trend: Ranging (4H Chart)<\/h2>\n<p>From a technical point of view, on the 4-hour chart, the technical indicator Relative Strength Index (14) is now recovering towards the 50-level, and this may confirm the bullish movement if it crosses above it. Meanwhile, adding to the above, there is a little bit of bullish divergence on the RSI (14) as the coin crosses above the 9-day moving average to continue the bullish movement.<\/p>\n<figure id=\"attachment_331367\" aria-describedby=\"caption-attachment-331367\" style=\"width: 1079px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-331367 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_03062022.png\" alt=\"\" width=\"1079\" height=\"565\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_03062022.png 1079w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_03062022-300x157.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_03062022-1024x536.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_03062022-768x402.png 768w\" sizes=\"(max-width: 1079px) 100vw, 1079px\"><figcaption id=\"caption-attachment-331367\" class=\"wp-caption-text\">BTCUSD &ndash; 4 Hour Chart<\/figcaption><\/figure>\n<p>However, if the Bitcoin price breaks below the lower boundary of the channel, the market price may likely reach support at $28,500 and below. Meanwhile, if the current market value rises and crosses above the 21-day moving average, it may reach the resistance level at $31,000 and above.<\/p>\n\n            \n<p><strong>Read more:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">How to buy Bitcoin<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\">How to buy Cryptocurrency<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move towards the $32,000 level. Bitcoin Prediction Statistics Data: <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-june-4-btc-moves-to-cross-above-30000\" title=\"Bitcoin Price Prediction for Today, June 4: BTC Moves to Cross Above $30,000\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":331366,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"class_list":["post-331365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction for Today, June 4: BTC Moves to Cross 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