Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – June 10
- On the downside, if the bears eventually break the $7,500 price level, the market will fall to the lows of $7,000 or $7,400 price level.
- On the upside, if the $7,500 support level holds, the BTC price will resume its upward move to retest the overhead resistance level.
BTC/USD Medium-term Trend: Ranging
- Resistance Levels: $8,000, $8,500 ¸ $9,00
- Support levels: $7,500, $7,000, $6, 500
Last week the price of Bitcoin was trading below the $9000 overhead resistance level. On June 3, the bulls were resisted near the overhead resistance zone. The BTC market fell and was on a downward correction to the support of the $7,500 support level. In the last two weeks, the BTC coin had been fluctuating between the $7,500 and $9,000 price levels. On June 4, the market has been hovering above the $7,500 price level.
On the downside, if the bears eventually break the $7,500 price level, the market will fall to the lows of $7,000 or $7,400 price level. On the upside, if the $7,500 support level holds, the BTC price will resume its upward move to retest the overhead resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
BTC/USD Short-term Trend: Bearish
On the 1-hour chart, the BTC price is in a bearish trend. On June 9, the market fell to the support level of $7,500 in a downward correction. A bearish trend line has been drawn to determine the duration of the trend. The assumption is that if a trend line is unbroken, the trend is continuing.
In addition, if a trend line is broken and another candlestick is formed in the opposite direction of the trend line, it is assumed that the bearish trend has been terminated. From the 1- hour chart, the bearish trend has been terminated. The $7,500 support level is likely to hold. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Bitcoin’s price is $48,959.63 BTC/USD exchange rate today. The real-time BTC market cap of $912.89 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $12.05 Billion and live coin value change of BTC 0.13 in the last 24 hours.
Live Bitcoin (BTC) Price:
1 BTC/USD =$48,959.6279 change ~ 0.13%
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