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BTC shows signs of the bulls’ dominance as the new month’s high forms. The month’s high was created in response to today’s Wall Street opening as market participants tread carefully. As of now, the price of Bitcoin has created a new high for this month as it still keeps appreciating.
The sudden expansion happened alongside the release of news that Deutsche Bank, Germany’s largest bank, has sought approval to own crypto assets. On Twitter, Rekt Capital, a crypto analyst, suggested that the downtrend has a great chance of ending soon as the buying pressure persists.
Key Bitcoin Levels To Watch – June 20
The market entered an overpriced state again after one month. On the daily chart, the overall trend is bullish. The just-concluded downward trend was a correction phase. The correction might be ending soon as the diagonal resistance is broken.
Bitcoin is bullish.
— The Wolf Of All Streets (@scottmelker) June 20, 2023
Everything has changed.
Whether you think the Wall Street intrusion is good or bad is irrelevant… it should help the price of Bitcoin.
On March 13, 2022, BTCUSD broke a diagonal resistance. In the same vein, another diagonal resistance has been broken. Following the respect of the $25290 major support, the price makes a new move to continue the overall market trend in an upward direction.
BTC Key Levels
Resistance Levels: $31050.00, $39112.00, $49268.00
Support Levels: $25290.00, $19570.00, $15460.00
Total Market Capitalization: $1.11T
Bitcoin Market Capitalization: $546.87B
Bitcoin Volume: $21.0B
Market Rank: #1
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