Bitcoin Price Prediction: Where is the Critical Target? June 25 BTC Analysis

  • The price of Bitcoin can continue its upward movement by making daily candlestick closures above the level of $30,260.
  • It is important for BTC to stay above the $29,700 – $29,500 range, otherwise a downward movement can be targeted.
  • If the price of Bitcoin closes below $29,500, the target for the downward movement can be $28,800.

The price of Bitcoin continues its upward movement by maintaining a strong stance above the support zone mentioned in the analysis. However, maintaining sustainability above certain levels and preserving important support points becomes important.

Medium-Term BTC Price Analysis

Daily BTC/USD Price Chart
Daily BTC/USD Price Chart

When the daily Bitcoin technical chart is examined, it can be seen that the price has been making horizontal movements between the important resistance range of $30,500 and $31,000.

If the price of Bitcoin makes daily candlestick closures above the mentioned resistance level of $31,000, it can continue its upward movement to the levels of $32,400.

However, if the BTC price continues its downward trend below the $31,000 level, it may experience a retracement towards the $29,600 level first and then towards the $28,500 levels. Before this happens, BTC needs to break the $29,600 support.

While the horizontal movement of the Bitcoin price in the resistance zone is considered as a bullish signal by some investors, some analysts predict that BTC will start rising again after completing the $28,500 correction.

Short-Term BTC Analysis

1 Hour BTC/USD Price Chart

1 Hour BTC/USD Price Chart

As long as the price of Bitcoin continues to make daily candlestick closures above the support zone mentioned in the analysis, it can realize the upward movement towards the $31,400 levels.

However, if BTC continues its downward trend below the $30,260 support, it can continue the downward movement towards the $29,700 support. It is crucial for BTC to stay above the $29,700 – $29,500 range.

If the price of Bitcoin closes below $29,500, the target for the downward movement mentioned in the analysis will be the $28,800 support level. Caution should be exercised in Long/Short trades and it is important to monitor BTC when taking positions.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin (BTC) is “Super Cheap” at $69k: Adam Back Rejects Post-Halving Crash Predictions

Legendary cypherpunk and Blockstream CEO Adam Back offers a contrarian view on Bitcoin's price action. Get expert insights on market sentiment, halving predictions, and BTC's long-term value potential.

Ethereum’s Pectra Upgrade: Enhanced UX, Wallet Innovation, and Community Debate (ETH)

The Ethereum Pectora upgrade promises a revolution in wallet functionality. Get insights on the debate surrounding its groundbreaking features and their potential impact on the Ethereum ecosystem.

Bitcoin (BTC) Price Retreats Amid Gold’s Record Surge; Analysts Eye Re-accumulation Phase

Find out why Bitcoin's momentum stalled as gold soared to new highs. Explore expert insights on BTC's price trajectory and the significance of re-accumulation patterns.

Litecoin (LTC) Surges in Popularity, Surpassing 5 Million Long-Term Holders

Discover the reasons behind Litecoin's surge in popularity and why investors are increasingly choosing LTC for long-term holdings. Get insights into the future potential of this established cryptocurrency.

Bitcoin Nears Bullish Breakout – Pi Cycle Top Metric Hints at Potential Price Surge

Get the latest insights on Bitcoin's price action, the significance of the Pi Cycle Top metric, and expert predictions for potential price movements.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Bitcoin BTC’s Path to Recovery: Will the Upcoming Halving Trigger a Rise Above $71,400?

This analysis delves into Bitcoin's immediate future as it approaches a critical halving event, exploring potential movements above key resistance levels.

Bitcoin (BTC) Surges Past $70k: Could $75k be the Next Target?

Bitcoin (BTC) has made a decisive move above $70,000, indicating bullish momentum. This article delves into the factors driving the surge, technical analysis, and what investors should watch for in the near term.

NEO Launches Uptrend to $25! Current NEO Analysis

Analyzed NEO's 3-hour chart, showing upward trend post $14.80 resistance breakthrough, eyeing $15.18 resistance; potential long positions suggested at $14.636 - $14.448 support range with a stop loss at $13.90, as NEO aims for $25 target amidst over 5% gains.

Is Litecoin Ready to Launch its Rise to $140? Current LTC Analysis

When examining LTC's technical chart, a downward trend is observed in recent days. The nearest support is at the level of 91.86 dollars. The support range between 97.61$ and 99.07$ on the 4-hour chart is significant. For long positions, the support range of 92.41$ - 91.07$ can be expected.

Bitcoin (BTC) Surges Past $70k: Could a Rally to $75k be Next?

Get expert analysis on Bitcoin's breakout above $70,000. Discover what's driving the price action, key levels to watch, and potential scenarios for BTC's near-term future.
Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Bitcoin (BTC) is “Super Cheap” at $69k: Adam Back Rejects Post-Halving Crash Predictions

Legendary cypherpunk and Blockstream CEO Adam Back offers a contrarian view on Bitcoin's price action. Get expert insights on market sentiment, halving predictions, and BTC's long-term value potential.

Bitcoin (BTC) Price Retreats Amid Gold’s Record Surge; Analysts Eye Re-accumulation Phase

Find out why Bitcoin's momentum stalled as gold soared to new highs. Explore expert insights on BTC's price trajectory and the significance of re-accumulation patterns.

Bitcoin Nears Bullish Breakout – Pi Cycle Top Metric Hints at Potential Price Surge

Get the latest insights on Bitcoin's price action, the significance of the Pi Cycle Top metric, and expert predictions for potential price movements.