Bitcoin Price Prediction: Long-term (BTC) Value Forecast – June 29
- On the upside, the BTC coin is likely to rise because it is above the EMAs.
- Meanwhile, the BTC price is in the 0.382 (38.2%) Fib. retracement level which suggests that the crypto is likely to rise.
BTC/USD Long-term Trend: Bullish
- Resistance levels: $10,500, $11,000, $11,500
- Support levels: $11,000, $10,500, $10,000
The BTC/USD pair is in a bullish trend zone. The BTC price is also above the 12-day EMA and the 26 day EMA which suggest that price is likely to rise. On June 26, the BTC price reached a high of $14,000 but was resisted. The BTC market had a downward correction to the support of the 12-day EMA or at the $11,000 support level. On the upside, the BTC coin is likely to rise because it is above the EMAs. The bulls have to overcome the resistance at the $12,000 price level. On June 1, the BTC price had an opening balance of $8,547 and a closing balance of $12338 as at June 28.
The price of Bitcoin has appreciated by 44% of its capitalization in the month of June 2019. Meanwhile, the BTC price is in the 0.382 (38.2%) Fib. retracement level which suggests that the crypto is likely to rise. The 0.236 and 0.382 Fib. retracement levels are continuation zone for a trending market .Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
Bitcoin’s price is $48,107.90 BTC/USD exchange rate today. The real-time BTC market cap of $897.01 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $15.16 Billion and live coin value change of BTC 1.66 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$48,107.8962 change ~ 1.66%
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