TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Bitcoin Bears Attempt To Suppress BTC Price, What’s Next? 2021

by souhaib
June 16, 2021
in Cryptocurrency
0
Bitcoin Bears Attempt To Suppress BTC Price, What's Next? 2021
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

You might also like

Opt for These Metaverse Projects in July 2022

ADA can fall as low as $0.20 if it fails to recover

Will Crypto market & BTC begin strong recovery in 2022


Bitcoin Price Dip In Progress

Bitcoin price trend has flipped the bulls since the mid-may crash. Even though the price reinstigates an uptrend, the bears gear up to accomplish their job. BTC price, despite multiple rejections at $40,000, still continued the attempt to smash the levels. However, after a series of ventures, Bitcoin finally broke the levels and sustain for a while.

Advertisement header-banner-ad

With the recent dip, it appears that the bears are trying to suppress the BTC price which the much-required plot for the bulls. The price after experiencing a brawl to reach $40,000 from $31,000, may have cooled down a little. However, after a substantial warm-up, the price may again resume with the uptrend.

As many as two substantial scenarios can be drawn for the upcoming price movements. The popular analyst Rekt capital marks the crucial levels to sustain to have a healthy bull run. 

The analyst has marked the red and green zones at $29,407.38 and $38,824.06 respectively where-in $32,192 are the strong support levels. The price initially was trending within the falling wedge that broke in the past trading day. Woefully, it is on the verge of retesting similar regions within the falling wedge. 

Also Read: Bitcoin Price Above $40K, Ethereum Price Above $2600, Is Bull Run Resumed?

People Believe In Bitcoin Despite Price Slash

As the narrow trend continues to haunt the BTC price, a misty cloud of suspicion surrounded the rally. More analysts rolled out much lower levels, as low as $20,000, for the price to test. However, the retail traders and the investors yet believed in the upcoming bitcoin price rally.

One of the major pointers is the jump in the BTC whale addresses. One of the popular on-chain platform Santiment recorded the growth of the address holding 1000 to 10,000 BTC surged despite the market crash. Moreover, the platform said the whales kept on accumulating during the narrow trend post the crash.

In another instance, El Salvador, the primitive nation to legalize Bitcoin received huge interest worldwide. Google trends suggest an immense increase in the demand for real estate ever since the country adopted Bitcoin. This may give a bigger boost to the country’s economy.

Setting aside the current trend, Bitcoin price could rally in the coming months that may carry the price close to its previous peak. Also, the ongoing positive developments within the crypto space may also aid the BTC price rally. 

Also Read: Shiba Inu Listing Done On Coinbase, Is Robinhood The Next Stop!



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Royal Ascot revellers go all out in feathered millinery for day 2 of the racing festival

Next Post

Former Mississippi lawmaker shot dead on same property where she believed sister-in-law was murdered: reports

souhaib

Recommended For You

Opt for These Metaverse Projects in July 2022

by souhaib
August 6, 2022
0

Everybody’s talking about the Metaverse! They cannot help it! It garners attention, without even trying! Print media, social media, and word-of-mouth advertising, harp on it! In turn, this...

Read more

ADA can fall as low as $0.20 if it fails to recover

by souhaib
August 6, 2022
0

The price of Cardano (ADA) has validated the last week’s bearish trade setup. This is because now the bears are in profit by nearly 12 per cent. It...

Read more

Will Crypto market & BTC begin strong recovery in 2022

by souhaib
August 6, 2022
0

Will the price of crypto continue to go up? This is probably one of the most important questions that people who use cryptocurrencies are thinking about right now....

Read more

The touch of cryptocurrency is NFTs!

by souhaib
August 6, 2022
0

The non-fungible tokens are unique data stored on Blockchain technology with immutable features. Moreover, once the data is created into the non-fungible tokens is not going to be...

Read more

Singapore needs to rethink its approach to regulating crypto

by souhaib
August 6, 2022
0

Launched in 2009, cryptocurrency is a digital payment system. It allows users to undertake payments on the internet. Crypto tokens make use of blockchain philosophy and decentralized finance....

Read more
Next Post
Former Mississippi lawmaker shot dead on same property where she believed sister-in-law was murdered: reports

Former Mississippi lawmaker shot dead on same property where she believed sister-in-law was murdered: reports

No Result
View All Result

Recent Posts

  • Johnson & Johnson Inventory Reduced After Ending Baby Powder Income
  • (2) Diabetes Master Key™ Reviews 2022
  • The Sao Paulo Stock Exchange falls 0.47% and ends seven consecutive increases
  • Why do we talk so little about the other controversy with the US… that of the cars?
  • How To Get An Economical Akubra Hat In Australia?

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide