Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – June 17


  • On the upside, if the 12-day EMA holds, the crypto’s price will rise to retest the $9,400 resistance level.
  • The 0.236 (23.6%) and the 0.382 (38.2%) Fib.retracement levels are the continuation zones for a trending market.

BTC/USD Medium-term Trend: Bullish

  • Resistance Levels: $9,000, $9,200 ¸ $9,400
  • Support levels: $8,800, $8,600, $8, 400

Last week the price of Bitcoin was in the bullish trend zone. The BTC market had been fluctuating between the levels $7,600 and $8,800 and unable to break the upper price range. On June 16, the bulls broke the upper price range and reach a high of $9,400 price level. However, the bulls were resisted at the $9,400 price level.

The BTC market was in a downward correction and price fell to the support of the 12-day EMA. On the upside, if the 12-day EMA holds, the crypto’s price will rise to retest the $9,400 resistance level. Nevertheless, if the bears break below the 12-day EMA, there is a likelihood of price falling into the previous price range.

From the Fibonacci tool, the bulls made an upward move in the 0.236 (23.6%) continuation zone. However, the downward correction was from the 0.236 (23.6%) to the 0.382 (38.2%) Fib.retracement zones. The BTC coin found support in the 0.382 Fib. retracement level. The 0.236 (23.6%) and the 0.382 (38.2%) Fib.retracement levels are the continuation zones for a trending market. If the bulls defend the 0.382 Fib.retracement level, the BTC market would rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. On June 16, the bulls broke the $8,800 resistance level and reached the $9,400 price level. After testing the $9,400 price level the bulls were resisted and the price fell to the support of the 12-day EMA.

At the Support of the 12-day EMA, the bulls made an upward move but were resisted at the $9,300 price level. The crypto’s price fell below the EMAs to a low at $8,942 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

Bitcoin’s price is $49,111.42 BTC/USD exchange rate today. The real-time BTC market cap of $918.91 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $24.56 Billion and live coin value change of BTC -3.33 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$49,111.4167 change ~ -3.33%

Coin Market Cap

$918.91 Billion

24 Hour Volume

$24.56 Billion

24 Hour VWAP

$49.31 K

24 Hour Change

$-1,634.62

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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