Must Read: Bitcoin 32% Rally Coming! Buy Now?

4:32 pm, Tue, 22 June 21

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y

The Bitcoin price crashed more than 8% in a matter of hours today. But while many analysts are becoming bearish and screaming for more Bitcoin sell-off we are going to be painting a totally different picture.

In this Bitcoin analysis, we will be talking about how the $31,449 resistance is still holding and how this bearish breakout we are seeing might be a fakeout!

Bitcoin price continues to respect the $31,449 support region on the 4-hour timeframe

Get 50% Deposit Bonus

100x Leverage

The Bitcoin Bulls Are Fighting Back

Must Read: Bitcoin 32% Rally Coming! Buy Now?
Bitcoin 32% Rally Coming! Key levels to watch for on the Bitcoin 4-hour timeframe. Buy Now?

Our $31,449 key resistance region is holding strong confirming its validity. If this level continues to hold, there is a very high probability that the Bitcoin price will reverse and rally back higher in the coming days!

If this Bitcoin bullish prediction plays out, we can classify this 8% Bitcoin dump as a bearish fakeout.

What Next?

Must Read: Bitcoin 32% Rally Coming! Buy Now?
Bitcoin 32% Rally Coming! Bitcoin Bullish prediction on the 4-hour timeframe

If the $31,449 support level holds, we expect to see a Bitcoin rally in the coming days. This would confirm an increasing buying power entering the Bitcoin market.

The key resistance to watch for is the $41,885 key level. If Bitcoin breaks the $41,885 key resistance, this points to the resumption of the Bitcoin bullish trend.

Bitcoin 32% Rally Coming! Key levels to watch on the Bitcoin 4-hour timeframe.

However, if this resistance holds we might just see the Bitcoin price play out like it has been doing for the past few weeks.

We plan to take full advantage of the coming bullish surge back up to the $41,885 price region. If this bullish prediction plays out, this would be a 32% value gain for Bitcoin in the coming days!

Must Read: Bitcoin 32% Rally Coming! Buy Now?
Bitcoin 32% Rally Coming! Buy Now? Watch these key levels playing out on the 4-hour timeframe!

Final Verdict

Bitcoin is still bullish and there is a very high probability for the price to rally back up in the coming days. But for that to happen, Bitcoin must continue to trade above the $31,449 support region.

A break and close below this region only signify more bearish trend to come for the Bitcoin price.

Get 50% Deposit Bonus

100x Leverage

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders looking to accelerate their success. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $600 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $130 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Get 50% Deposit Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: