Bitcoin

mirror

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/35992.jpg" alt="Cover Image" width="800"
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 </figure>The cryptocurrency market has not decided yet which way to go, as the rates of <a href="https://u.today/doge-price-analysis-for-june-8">some coins</a> are rising, while others are falling.<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="0effaaf6-4214-4061-82b0-e5d262c9352e" src="https://u.today/sites/default/files/inline-images/top10_483.png" />Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a><h2 id="btc-usd">BTC/USD</h2>The rate of Bitcoin (BTC) has increased by 0.16% since yesterday.<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="d5c2d7d0-e483-4e1d-9491-5c1c5ffe65b6" src="https://u.today/sites/default/files/inline-images/btc1_102.png" />Image by <a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>On the local time frame, the rate of Bitcoin (BTC) keeps trading in a narrow channel, between the support at $26,289 and the resistance at $26,778.<a href="https://u.today/btc-eth-and-xrp-price-analysis-for-june-8">card</a>At the moment, there are no bullish or bearish signals, which means that there is a high chance to see ongoing consolidation in the range of $26,500-$26,700.<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="7405317c-3f74-4be2-b46e-c88372f1a9b6" src="https://u.today/sites/default/files/inline-images/btc2_91.png" />Image by <a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>On the daily time frame, the rate of Bitcoin (BTC) is accumulating energy for a sharp move. However, if the fall continues to the $26,000 zone and fixes below it, there is a high probability to see a test of the support at $25,270 soon.<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="f298f456-7ce8-47f5-ba0e-abacafa5fe96" src="https://u.today/sites/default/files/inline-images/btc3_88.png" />Image by <a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>A better situation can be seen on the weekly chart, as the price has bounced off the mirror level at the $25,300 area. If the bar closes far from it, traders can expect a local correction to the $27,000-$28,000 area.Bitcoin is trading at $26,584 at press time.

Bitcoin (BTC) Price Analysis for June 9

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