Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
Strict editorial policy which focuses on precision, relevance and impartiality
Morbi Pretium Leo and Nisl Aliquam Mollis. Quisque Arcu Lorem, quis pellentesque nec, ultlamcorper eu odio.
The price of Bitcoin slips into a critical area after a drop in the previous purchase pressure. Many merchants and investors of the cryptography market wonder if the upper crypto would recover as confidence in a new bull market shows barely signs of recovery.
Related reading
Bitcoin price trends to the downside on the daily chart. Source: BTCUSDT on Tradingview
Top Bitcoin Pundit: Watch out for this level
According to Daan Crypto, a senior crypto analyst, the price of bitcoin has weakened due to changes in the macroeconomic arena. In this sense, the analyst estimates that Bull must hold the levels above $ 99,000 where they risk a greater drop in monthly stockings sitting at around $ 90,000, as shown in the graph below.
Some of the elements affecting the price of bitcoin on the macro side include a good prints for consumer prices (ICC) of the United States, and a “good deal” between this country and Chinese representatives. This news indicates a drop in inflation and potentially the end of the trade war between the two giants, respectively. However, the analysis noted:
At this point, I am quite certain that if the price breaks is the first or the current monthly low, it will continue to tend to this direction for the rest of June (and possible beyond). Eyes at these levels.
Another completely volatile and currently motivated market (…). So, the markets on the good news are always something to note. Just a day for now but good to be aware.
James Wynn does a key warning – Handling the price of Bitcoin?
On similar news, James Wynn, a crypto trader who recently gained notoriety by taking advantage of millions of dollars to bet on the Bitcoin price, estimates that the sales pressure will increase on the short period of time.
Wynn alerted its X followers to the alleged manipulation of the cryptography market by major players. According to the Crypto Trader, these massive investors target key levels and push Bitcoin to them to chase liquidity to the detriment of retail users.
Related reading
This time, Wynn says market manufacturers could push the price of Bitcoin to the $ 106,000 area. However, the merchant believes that the downward trend will be to advise in the short term his disciples of an imminent rebound. Wynn said via X:
Hold your seats guys. The MMs will try to push $ BTC at around $ 106.8,000 to remove long on the tails (not me). I learned of the hard.
Buy the dive or sit on your hands. It will be finished quickly. Time turns. New Aths at the corner of the street. Don’t be shaken.
Whether the downward trend will persist or if prices are recovering in the short term remain to be seen, but the action of current prices suggests an imminent increase in volatility.
Cover the image by chatgpt, BTC / USDT graphic by tradingView
