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Bitcoin (BTC) Price Prediction for June 30
The crypto market remains bullish, despite some cryptocurrencies returning to the red zone, according to CoinStats. The price of Bitcoin has dropped by 0.76% since yesterday.
Regarding the hourly chart, the rate of BTC has broken the support of $107,500. However, most of the daily ATR (Average True Range) has been passed, implying low chances for seeing sharp moves at the end of the day.
Additionally, if today’s bar closes below $107,200, it is likely that the correction will continue towards the $106,000 mark in the near future.
From a midterm perspective, traders are advised to pay attention to the previous bar’s peak. If the weekly candle closes above the $109,000 mark, there is a chance of seeing a test of the $112,000 resistance.
At press time, Bitcoin is trading at $107,332.
Source: u.today
