BitcoinPenjualan
Bitcoin Price Analysis — June 12
The floor caved under Bitcoin over the weekend, as the benchmark cryptocurrency raced towards the 
27K low. This comes as inflation fears spark panic among investors, causing them to seek cover in safer assets.
The flagship cryptocurrency currently trades around the 27.6K level after rebounding from its revisit to the May 12 low. We could see additional bullish retracement over the coming hours as the price enters overheated conditions. However, a bullish recovery above the 30K psychological level in the near term seems unlikely, as I expect to see a bearish resumption after the 4-hour stochastic indicator returns to neutral levels.
Meanwhile, my resistance levels are at $28,000, $29,500, and $30,000, and my key support levels are at $27,000, $26,000, and $27,000.
Total Market Capitalization: $1.10 trillion
Bitcoin Market Capitalization: $526.9 billion
Bitcoin Dominance: 47.3%
Market Rank: #1
27K low. This comes as inflation fears spark panic among investors, causing them to seek cover in safer assets. The flagship cryptocurrency currently trades around the 27.6K level after rebounding from its revisit to the May 12 low. We could see additional bullish retracement over the coming hours as the price enters overheated conditions. However, a bullish recovery above the 30K psychological level in the near term seems unlikely, as I expect to see a bearish resumption after the 4-hour stochastic indicator returns to neutral levels.
Meanwhile, my resistance levels are at $28,000, $29,500, and $30,000, and my key support levels are at $27,000, $26,000, and $27,000.
Total Market Capitalization: $1.10 trillion
Bitcoin Market Capitalization: $526.9 billion
Bitcoin Dominance: 47.3%
Market Rank: #1
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