Bitcoin’s Critical Support and Resistance Levels! June 28 BTC Analysis

  • Bitcoin (BTC) is observed to be moving horizontally in an important support zone on its 2-hour chart.
  • If BTC remains above the $29,900 support, it has the potential to continue its rise towards the $30,850 levels.
  • If the $31,000 resistance level cannot be broken on a daily basis, BTC’s downward movement may extend towards the $28,600 levels.

When examining the technical analysis of Bitcoin, important support and resistance levels have been identified. While horizontal movements are observed on BTC’s 2-hour chart, staying above the $29,900 support can strengthen the expectation of an upward movement. However, if the $31,000 resistance level cannot be broken, the downward movement may become more pronounced.

Medium-Term BTC Analysis


Daily BTC/USD Price Chart

When examining the daily technical analysis of Bitcoin, it can be seen that it experienced a decline towards the $30,100 levels as it failed to surpass the $31,000 level. It is important for the BTC price to stay above the $29,900 support.

If the BTC price fails to close above the $31,000 level on a daily basis, it may initiate a downward movement towards the $28,600 levels. For BTC to drop to the $28,600 level, it needs to close below the $29,600 support on a daily basis.

On the other hand, if the BTC price manages to close above the mentioned $31,000 resistance level on a daily basis, it can continue its upward movement towards the $32,400 levels.

According to the technical analysis of Bitcoin, the $29,900 support and $31,000 resistance are important levels. It is important to closely monitor these levels.

Short-Term BTC Analysis

2-Hour BTC/USD Price Chart

2-Hour BTC/USD Price Chart

When examining the 2-hour technical chart of Bitcoin, it is observed that it is making horizontal movements in an important support zone. If the BTC price remains above the mentioned $29,900 support, it has the potential to continue its upward movement towards the $30,850 levels.

If the BTC price manages to close above the $30,850 level on a 2-hour basis, it can continue its rise towards the $31,440 levels. However, if it closes below the $29,900 support on a 2-hour basis, it may extend its downward movement towards the $29,500 levels.

An important support zone for BTC is in the range of $29,100 – $28,800. If BTC falls into this support range and manages to stay above it, it can initiate its upward movement towards the $31,000 levels.

According to the technical analysis of Bitcoin, the $29,900 support, $30,850 resistance, and $31,000 level are important points that need to be closely monitored.

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

Bitgert (BRISE) Coin Predicted to Surge: Experts Forecast a 400% Price Increase This Week!

Bitgert is fast becoming a household name in...

Upcoming Altcoin Listings on Binance: Explore the New Strategy Featuring Key Coins and Symbols!

Binance considers listing lesser-known cryptocurrencies that have captured...

Expert Forecasts Surge in Crypto Bull Market: Spotlight on Bitcoin (BTC) and Ethereum (ETH)

An analyst has suggested that despite a stagnation...

$1.9 Billion Solana (SOL) Transaction Sparks Intrigue in Crypto Community

The tranquility of the Sunday afternoon crypto market...

Major Firms Trade Actively in Render Token (RNDR) and O3: Insights into Market Movements

In recent days, the cryptocurrency market has seen...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Whale Sells After Long Hold, Cashes Out $171 Million – ETH Market Impact Analysis

A significant Ethereum whale has initiated profit-taking, signaling...

Live Update: Bank Nifty (BANKNIFTY) Share Prices for May 20, 2024 – In-Depth Analysis and Market Trends

```html Today, the Bank Nifty witnessed significant trading activity,...

Bitcoin (BTC) Market Turmoil: Expert Analysis Uncovers Dramatic Sentiment Shifts

Bitcoin's recent market performance has been nothing short of...
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Expert Forecasts Surge in Crypto Bull Market: Spotlight on Bitcoin (BTC) and Ethereum (ETH)

An analyst has suggested that despite a stagnation in cryptocurrency markets over the past three months, several blockchain indicators imply that a bull...

BTC Eyes Record Peaks as Gold and Silver Surge: Can Bitcoin (BTC) Outshine Precious Metals?

Bitcoin could soon join the broader commodity market rally in Gold and Silver as the digital gold now trades on Wall Street in...

Bitcoin (BTC) Price Prediction: Is $90K Imminent? Top Altcoins Set to Surge in Upcoming Bull Market

Bitcoin's price trajectory remains a hot topic as experts debate its potential to reach $90,000 in the near future. Despite a lackluster performance...