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Bitcoin (BTC) experienced a temporary pullback after testing its resistance level of $27,150.
Positive market sentiment was fueled by the news of BlackRock’s ETF application.
If BTC surpasses $27,250, it could lead to larger price movements.
Bitcoin (BTC) tested the $27,150 level after the news of BlackRock’s ETF application. However, it faced resistance from selling pressure. As of writing, BTC is priced at $26,810. If it surpasses $27,255, it could potentially reach $28,200, $28,775, $29,250, and $30,000.
Bitcoin (BTC) may experience downward pressure due to negative news, regulatory actions, and technical issues on exchanges. Key support levels for BTC are $26,150, $25,250, and $24,580. Upside reactions can be expected from these levels.
What’s the Current Status of Bitcoin (BTC) on the Chart?
Bitcoin (BTC) faced a temporary pullback after reaching the $27,150 resistance level. However, the positive market sentiment driven by BlackRock’s ETF application helped BTC gain 9.70% in value. On June 19th, BTC tested $27,150 and then retraced to $26,800. With increasing buying pressure, BTC could make significant price movements once it surpasses $27,250.
Bitcoin (BTC) Price Analysis and Predictions
BlackRock’s ETF application provided a boost to BTC, as it tested $27,150 yesterday. However, it failed to overcome the selling pressure at that level. As of now, BTC is priced at $26,810. If it surpasses $27,255, the next potential price targets are $28,200, $28,775, $29,250, and $30,000.
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Factors Affecting Bitcoin (BTC) and Potential Support Levels
Bitcoin (BTC) may face downward pressure due to negative news, regulatory actions, and technical issues on exchanges. Key support levels for BTC are $26,150, $25,250, and $24,580. These levels could attract active buyers and result in upward reactions.
