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June 16 at 23:30 and my Bitcoin comment
Bitcoin dropped below the critical support of $25,250 on June 14, signaling aggressive selling by the bears. Today, we saw the price breach the same support for a few minutes before the uptrend started. The bulls need closes above the 20-day exponential moving average ($26,320) for a stronger rise. Bitcoin finds buyers at $ 26,300. The price, which reached $26,500 a few minutes ago, has pulled back a bit.
If BTC can hold above this zone, it could rally to the 50-day simple moving average ($27,210). Contrary to this assumption, if the price turns down from the 20-day EMA, the bears will try to push the price back to the support base.
Based on my impressions, Blitcoin may test the $30,000 level towards the end of June.
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