Market Analysis of Bitcoin on Friday 25 June 2021

2021-06-25 14:55Source:BtcDana

The global market value is $14126,637 billion, with a 24-hour increase of +2.69%, and a 7-day increase of -13.32%. The market value of BTC is $648.24 billion, accounting for 45.89% of the global market value, and the price is $34,700 (+3.08%). BTC contract holdings amount to RMB 25.374 billion, -0.99% from the previous day. A sharp drop in bitcoin price will bring down Tesla's Q2 performance, and Antminer has suspended worldwide spot sales. From a technical perspective, Bitcoin's daily candle is closed a bit bullish. However, the MA dan middle Bollinger band is under pressure. The candle is also on bearish trend but there are signs of stabilization in the H4 chart. MACD shrink and approach the 0 axis, and the RSI is at around 50. Overall, the market fluctuation is decreasing but prioritise Sell on high. The deciding point whether to buy or sell is near 36000


https://asset.ycxfy.com/upload/file/1624550400000/1624607478686.jpeg


Resistance:35300-36000-38000

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