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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3178 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('On the last working day of the week, the cryptocurrency market has faced a sharp correction and all top 10 coins are again in the red zone.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
    BTC/USD
    
    Bitcoin (BTC) has gone down by 5% since yesterday, while the price over the last seven&nbsp;days has increased by 0.04%.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the daily chart, the situation is not clear&nbsp;as neither bulls nor bears have seized the initiative yet. The selling volume has increased today.&nbsp;However, until the chief crypto comes back to the area of $30,000, it is too early to consider a&nbsp;further decline.
    
    <a rel="nofollow" target="_blank" href="#-eth-ltc-and-doge-price-analysis-for-june-3">card</a>
    
    In this case, the more likely scenario is&nbsp;sideways trading in the range of $37,000-$39,000.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the small time frame, Bitcoin (BTC) is trying to recover the lost positions after today's dump. On the 4H chart, the ongoing bounce back is supported by rising trading volume, which means that a retest of the $39,000 mark may occur soon. If that happens, there are high chances of&nbsp;seeing a touch of the psychological level of $40,000.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the weekly chart, Bitcoin (BTC) has not declined after a false breakout of the $40,000 level, which confirms buyers' power. If bulls can close the forming&nbsp;weekly candle above the $39,000 mark, there is a high probability of expecting the ongoing growth to reach the next level at $43,769 next week.
    
    Bitcoin is trading at $36,773 at press time.
    ') (Line: 1145)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3181 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('On the last working day of the week, the cryptocurrency market has faced a sharp correction and all top 10 coins are again in the red zone.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
    BTC/USD
    
    Bitcoin (BTC) has gone down by 5% since yesterday, while the price over the last seven&nbsp;days has increased by 0.04%.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the daily chart, the situation is not clear&nbsp;as neither bulls nor bears have seized the initiative yet. The selling volume has increased today.&nbsp;However, until the chief crypto comes back to the area of $30,000, it is too early to consider a&nbsp;further decline.
    
    <a rel="nofollow" target="_blank" href="#-eth-ltc-and-doge-price-analysis-for-june-3">card</a>
    
    In this case, the more likely scenario is&nbsp;sideways trading in the range of $37,000-$39,000.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the small time frame, Bitcoin (BTC) is trying to recover the lost positions after today's dump. On the 4H chart, the ongoing bounce back is supported by rising trading volume, which means that a retest of the $39,000 mark may occur soon. If that happens, there are high chances of&nbsp;seeing a touch of the psychological level of $40,000.
    <a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
    On the weekly chart, Bitcoin (BTC) has not declined after a false breakout of the $40,000 level, which confirms buyers' power. If bulls can close the forming&nbsp;weekly candle above the $39,000 mark, there is a high probability of expecting the ongoing growth to reach the next level at $43,769 next week.
    
    Bitcoin is trading at $36,773 at press time.
    ') (Line: 1145)
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Bitcoin (BTC) Price Analysis for June 4

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Fri, 4/06/2021 - 15:41
Bitcoin (BTC) Price Analysis for June 4
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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On the last working day of the week, the cryptocurrency market has faced a sharp correction and all top 10 coins are again in the red zone.

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has gone down by 5% since yesterday, while the price over the last seven days has increased by 0.04%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, the situation is not clear as neither bulls nor bears have seized the initiative yet. The selling volume has increased today. However, until the chief crypto comes back to the area of $30,000, it is too early to consider a further decline.

card

In this case, the more likely scenario is sideways trading in the range of $37,000-$39,000.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the small time frame, Bitcoin (BTC) is trying to recover the lost positions after today's dump. On the 4H chart, the ongoing bounce back is supported by rising trading volume, which means that a retest of the $39,000 mark may occur soon. If that happens, there are high chances of seeing a touch of the psychological level of $40,000.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the weekly chart, Bitcoin (BTC) has not declined after a false breakout of the $40,000 level, which confirms buyers' power. If bulls can close the forming weekly candle above the $39,000 mark, there is a high probability of expecting the ongoing growth to reach the next level at $43,769 next week.

Bitcoin is trading at $36,773 at press time.

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