Market Analysis of Bitcoin on Wednesday 30 June 2021

2021-06-30 14:40Source:BtcDana

On Wednesday Asian session, Bitcoin weakened and is currently fluctuating around US$35,100. On Tuesday, Bitcoin rose sharply and hit a high of $36,584. Australian financial regulators said Bitcoin ETPs could pose a "risk." Director of the Monetary Authority of Singapore is monitoring the financial system's exposure to cryptocurrencies; Survey: Nearly half of US investors are dissatisfied with Bitcoin's environmental concerns. From a technical point of view, Bitcoin's daily candle is closed bullish for 3 days in a row and the short-term trend is strong although still under pressure. The 4-hour chart shows Bitcoin is operating above the middle Bollinger bands, the MACD indicator is above the 0 axis and tends to be bullish. The RSI indicator is showing signs of correction. Overall, Bitcoin rebounded at small intervals, prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 35500


https://asset.ycxfy.com/upload/file/1624982400000/1625038624816.png

RESISTANCE:35500-36600-38000

SUPPORT:34300-33500-32200


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