Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Market Analysis – June 19
Bitcoin began a new bullish trend in April after recovering from the previous decline that originated at the supply zone of 109,358. The price has now returned to this critical level, forming a bearish signal of a failed high.
Bitcoin Key Levels
Demand Levels: 91,271.0, 74,420.0, 53,643.0
Supply Levels: 109,358.0, 120,000.0, 130,000.0
Bitcoin Long-Term Trend: Bullish
Bitcoin experienced an impulsive ascent from 53,643.0 to 109,358.0. This aggressive movement created inefficiently traded regions due to the rapid nature of the price delivery.
However, the price failed to break through the 109,358.0 supply zone as bullish momentum weakened. After a prolonged consolidation through February, the market corrected downward, filling the previously inefficient trading region.
In April, Bitcoin surged again, quickly reclaiming levels above the 30 and 50-period Moving Averages. The current rally has revisited the 109,358.0 supply level, where buyers are once again showing signs of exhaustion, resulting in another failed high.
Bitcoin Short-Term Trend: Bullish
On the 4-hour chart, a lower timeframe support has formed at 103,313.0. A decisive break below this level may trigger a second leg of retracement from the 109,358.0 supply zone on the higher timeframe.
Make money without lifting your fingers: Start using a world-class auto trading solution
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.