{"id":332942,"date":"2022-06-16T18:05:48","date_gmt":"2022-06-16T22:05:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=332942"},"modified":"2022-06-16T18:11:47","modified_gmt":"2022-06-16T22:11:47","slug":"bitcoin-price-prediction-for-today-june-16-btc-falls-below-22000-is-that-all-for-bulls","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-june-16-btc-falls-below-22000-is-that-all-for-bulls","title":{"rendered":"Bitcoin Price Prediction for Today, June 16: BTC Falls Below $22,000; Is that all for Bulls?"},"content":{"rendered":"<p>The Bitcoin price prediction reveals that BTC continues to head to the downside as its price moves below $22,500 to touch the low of $20,464.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $20,807<\/li>\n<li>Bitcoin market cap &ndash; $397.7 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: $30,000, $32,000, $34,000<\/p>\n<p>Support Levels: $14,000, $12,000, $10,000<\/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 trading around $20,807 below the 9-day and 21-day moving averages. Looking at the daily chart, Bitcoin (BTC) has remained in a bearish zone, and it is likely to continue lower below the support of $20,000. However, the king coin is now plunging below the former resistance level of $22,000 which may cause many investors to take profits off the table.<\/p>\n<h2>Bitcoin Price Prediction: Would Bitcoin (BTC) Break More Downs?<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-june-14-btc-slumps-after-touching-23299\">Bitcoin price<\/a> is currently changing hands at $20,807, however, where BTC trends next may partly depend on whether or not buyers can close today&rsquo;s candle above the $20,000 level. Should in case this comes to play, the bulls may propel prices higher, and then traders may expect the king coin to rise above the $25,000 resistance, which could later move towards the potential resistance levels at $30,000, $32,000, and $34,000.<\/p>\n<p>On the other hand, if the Bitcoin price failed to close above the $22,000 resistance level; the price could drop below the lower boundary of the channel. A further low drive could send the price to $14,000, $12,000, and $10,000 supports. Meanwhile, the technical indicator Relative Strength Index (14) has recently revealed a sign of trend reversal as the signal line shows a possible bearish momentum within the clients.<\/p>\n<h2>BTC\/USD Medium-Term Trend: Bearish (4H Chart)<\/h2>\n<p>Looking at the hourly chart, following the rejection of $21,012, BTC\/USD is trading below the 9-day and 21-day moving averages. Looking at it from above, if the Bitcoin holds above $22,000, then the next level of resistance could be $23,000, along with the significant mentioned ascending trend-line. The next resistance could be $24,000 and above.<\/p>\n<figure id=\"attachment_332944\" aria-describedby=\"caption-attachment-332944\" style=\"width: 1079px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-332944 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_16062022.png\" alt=\"\" width=\"1079\" height=\"565\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_16062022.png 1079w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_16062022-300x157.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_16062022-1024x536.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/06\/BTCUSD_4H_16062022-768x402.png 768w\" sizes=\"(max-width: 1079px) 100vw, 1079px\"><figcaption id=\"caption-attachment-332944\" class=\"wp-caption-text\">BTCUSD &ndash; 4-Hour Chart<\/figcaption><\/figure>\n<p>Meanwhile, as the technical indicator remains below, this might have signaled a temporary end to the bullish trend of Bitcoin for a moment. However, if the coin falls below the lower boundary of the channel, the market price may likely reach the support levels of $18,000 and below.<\/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 continues to head to the downside as its price moves below $22,500 to touch the low of $20,464. <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-june-16-btc-falls-below-22000-is-that-all-for-bulls\" title=\"Bitcoin Price Prediction for Today, June 16: BTC Falls Below $22,000; Is that all for Bulls?\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":332943,"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-332942","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 16: BTC Falls Below $22,000; 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