Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-highlights-key-bitcoin-price-levels/" data-wpel-link="internal">Analyst Highlights Key Bitcoin Price Levels</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/anticipation-for-u-s-secs-approval-of-bitcoin-etfs-in-2024/" data-wpel-link="internal">Bitcoin</a>‘s price surpassed $71,000 several times recently but failed to reach $73,000, facing intense selling pressure. This selling pressure triggered a correction, leading to a sharp decline. Despite this, there are still views in the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> that the bull run may not be over.</p> 
<h2 style="text-align: justify" id="bitcoin-daily-chart">Bitcoin Daily Chart</h2> 
<p style="text-align: justify"><strong>TradingRage</strong> analyst’s analysis highlights important price levels and sheds light on what might happen to Bitcoin in the coming days.</p> 
<p style="text-align: justify">On the daily chart, BTC struggled to stay above the $66,000 level. According to the analyst, BTC seems to be going through a correction phase. The analyst, considering this not a good sign, noted that Bitcoin recently failed to break out of a descending channel formation, which turned out to be a false breakout.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362823" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-1-coin-turk-com.png" alt="" width="1144" height="510"></p> 
<p style="text-align: justify">During this period, BTC’s RSI value also fell below 50, indicating that sellers are increasingly dominant. This situation keeps the fear of a deepening downward momentum alive in the market. Meanwhile, the price continues to move at the support level of $60,000.</p> 
<h2 style="text-align: justify" id="bitcoin-4-hour-chart">Bitcoin 4-Hour Chart</h2> 
<p style="text-align: justify">On the other hand, when examining the 4-hour chart of BTC, things seem a bit more positive. Although the price fell slightly below the support level of the horizontal channel, it appears to have recovered.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362824" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-2-coin-turk-com-1.png" alt="" width="2228" height="1005"></p> 
<p style="text-align: justify">If the price moves within this channel, it could test the resistance area of $72,000 again. However, if the channel breaks downward and sustains, the price decline could deepen further.</p> 
<p style="text-align: justify">As of the time of writing, BTC is at $66,100, finding buyers at $0.06 in the last 24 hours. BTC’s market cap remains above $1.3 trillion, continuing to serve as a critical area.</p> 
<p style="text-align: justify">BTC’s 24-hour trading volume fell to $15 billion after a 43% drop, reflecting a significant decline in investor interest.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-highlights-key-bitcoin-price-levels/" data-wpel-link="internal">Analyst Highlights Key Bitcoin Price Levels</a></h5>

Analyst Highlights Key Bitcoin Price Levels

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