Market Analysis of Bitcoin on Thursday 24 June 2021

2021-06-24 15:20Source:BtcDana

The global market value is $1,375.575 billion, with a 24-hour increase of -0.58%, and a 7-day increase of -23.32%. Among these, the market value of BTC is $631.322 billion, accounting for 45.9% of the global market value, and the price is $33,700 (+3.75%). BTC contract holdings amounted to RMB 16,872 billion, -28.62% from the previous day. Survey: 9% of Americans say they are willing to invest in cryptocurrencies in the next ten years. Opinion: Derivatives did not play a significant role in this Bitcoin correction. From a technical perspective, Bitcoin continue to close with a doji pattern. Under the bearish trend, this condition can be interpreted as a continuation signal. H4 graph shows that Bitcoin strengthen to around the middle Bollinger band and shows retracement. The indicator continues to show bearish signs. Overall, Sell on high within the fluctuation zone. The deciding point whether to buy or sell is near 31700.


https://asset.ycxfy.com/upload/file/1624464000000/1624522664840.png


Resistance:33800-34800-36400

Support:31700-30000-28800


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