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.
The market is neither bullish nor bearish today as some coins have left the correction phase, while the rates of others are going down.
BTC/USD
The rate of Bitcoin (BTC) has risen by 1% over the last 24 hours.
On the hourly chart, Bitcoin (BTC) is trying to come back to the bullish zone. If the buying trading volume rises and the rate can return to the $30,000 mark, there are chances to see the breakout of the resistance.
On the bigger time frame, nothing crucial has changed in terms of possible sharp moves. At the moment, one needs to pay close attention to $31,000 and the way the price approaches it. If bulls can get to this mark, the growth may continue to $32,950 shortly.
From the mid-term point of view, Bitcoin (BTC) is trying tom return to $30,000. In addition, the selling trading volume has fallen, which means that bears are losing their initiative. If the rate can return to the mentioned mark by the end of the month, June might be bullish for the leading cryptocurrency.
Bitcoin is trading at $29,732 at press time.
Vladislav Sopov