{"id":335021,"date":"2022-07-01T12:18:01","date_gmt":"2022-07-01T16:18:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=335021"},"modified":"2022-07-01T12:18:01","modified_gmt":"2022-07-01T16:18:01","slug":"bitcoin-price-prediction-for-today-june-30-btc-price-trades-in-a-tight-range-above-19k","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-june-30-btc-price-trades-in-a-tight-range-above-19k","title":{"rendered":"Bitcoin Price Prediction for Today June 30: BTC Price Trades In a Tight Range above $19k"},"content":{"rendered":"

Bitcoin Bulls Overwhelm By Bears As It Trades In a Tight Range above $19k – June 30, 2022<\/h2>\r\n

BTC\/USD<\/a> has fallen to the low of $19,317 as it trades in a tight range above $19K. BTC price is stuck below the 21-day line SMA. In the interim, a recovery above the $20,000 psychological price level is doubtful. However, a price rebound will catapult Bitcoin above the moving averages.

Bitcoin Price Statistics Data:<\/strong>
•Bitcoin price now – $19,268.30
•Bitcoin market cap –$367,682,441,604
•Bitcoin circulating supply – 19,082,250.00 BTC
•Bitcoin total supply – $404,634,216,284
•Bitcoin Coinmarketcap ranking – # 1

Resistance Levels<\/strong>: $50,000, $55, 000, $60,000
Support Levels: <\/strong>$25,000, $20,000, $15,000<\/p>\r\n

<\/p>

Buy Bitcoin Now<\/span><\/a><\/div>\r\n

Bitcoin’s (BTC) price is trading in a narrow range after the recent breakdown below the $20,000 support. On June 30, Bitcoin dropped to the low of $18,638 and rallied to the high of $20,959. The bullish momentum was repelled as the crypto fell below the $20,000 support. Today, the BTC price is trading in a tight range between $18,800 and $19,900 price levels. On the downside, if the bears break below the $18,800 support, the BTC price will fall and revisit the previous low at $17,605.<\/a> Similarly, on the upside, if the bulls break the $19,900 resistance and the bullish momentum is sustained, Bitcoin will regain bullish momentum. The largest cryptocurrency is trading at $19,277 at the time of writing.<\/p>\r\n

Bitcoin Will Recover to $28k By December, Deutsche Bank Analysts<\/h2>\r\n

Deutsche Bank analysts have based their forecast on the correlation between Bitcoin and S&P 500. The analysts made a forecast of 30% recovery for Bitcoin by December because of its correlation. The analysts, Marion Laboure and Galina Pozdnyakova indicated that the crypto markets have mirrored movements of the Nasdaq 100 and S&P 500 since late 2021. The pair believes that the S&P will rebound to its January levels. In the same vein, Bitcoin’s correlation to the index could result in a 30% increase in value from current levels midway through 2022. In other words, Bitcoin will be up to the $28,000 mark.<\/p>\r\n

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

Meanwhile, Bitcoin is now fluctuating as it trades in a tight range above $19K. Nevertheless, a Fibonacci tool has indicated a possible decline of Bitcoin below $17,605. On May 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that BTC will fall to level 1.618 Fibonacci extension or level $16,647.76. <\/p>\r\n

Read more:<\/strong>
• How to buy cryptocurrency<\/a>
• How to buy Bitcoin<\/a>                  \n \r\n<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Bulls Overwhelm By Bears As It Trades In a Tight Range above $19k \u2013 June 30, 2022 BTC\/USD has fallen to the low of […]<\/a><\/div>","protected":false},"author":1742,"featured_media":335083,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7812,7632],"class_list":["post-335021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btc-usd","tag-price-analysis"],"acf":[],"yoast_head":"\nBitcoin Price Prediction for Today June 30: BTC Price Trades In a Tight Range above $19k<\/title>\n<meta name=\"description\" content=\"BTC\/USD has fallen to the low of $19,317 as it trades in a tight range above $19K. BTC price is stuck below the 21-day line SMA. 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