• The BTC market was making positive move after a bullish break. More buyers than sellers are expected at the upper price  level so that the market will experience positive moves.
• On the upside, if the bulls break the $12,750 resistance, the crypto will reach a high of $13,000 or $13,500.

BTC/USD Medium-term Trend: Bullish

• Resistance Levels: $12,200, $12,400 $12,600
• Support levels: $12, 000,$11,800, $11, 600

Yesterday, June 25, the BTC price was in a smooth uptrend. The 12-day EMA and the 26-day EMA  were trending northward indicating that price is in an uptrend. The BTC surge in volatility may further rise after a slight retracement. Yesterday, the market was making a series of higher highs and higher lows.

A bullish trend line has been drawn showing the support level of price. A bullish trend is ongoing when a candlestick test the trend line and makes an upward move towards the previous highs. On the hand, if the price of a coin breaks the trend line and another one closes on the opposite of it; it is assumed that the current trend has been terminated. 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. The BTC market was making positive move after a bullish break. More buyers than sellers are expected at the upper price  level so that the market will experience positive moves.

Today the BTC price is facing some resistance at the $12750 price level. The price retraced to the support of the 12-day EMA. On the upside, if the bulls break this resistance, the crypto will reach a high of $13,000 or $13,500. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

Bitcoin’s price is $49,291.77 BTC/USD exchange rate today. The real-time BTC market cap of $918.92 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $20.35 Billion and live coin value change of BTC 6.40 in the last 24 hours.

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