Top cryptocurrencies Bitcoin and Ethereum are trading in a tight range for a couple of days. BTC price is struggling at the psychological level of $20k whereas ETH price is fluctuating just above the $1,000 level. Likewise, major altcoins are struggling to hold the recovery.
After many attempts, Bitcoin Price is now above $20K in the past 24 hours. However, with options expiry set on June 24th, traders can likely expect BTC to drop below $20K. At present, the major resistance is at $21K, If Bulls stay above this level for a longer time the flagship currency can rally towards the next resistance level at $22.5K.
On the downside, if the bitcoin price falls below the crucial level at $20k, it might test the major support at $19K. However, dropping below this level can indicate BTC Price will restest the recent bottom at $17.7K.
Bitcoin and Ethereum To Hit New Lows Soon!
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Source: https://coinpedia.org/bitcoin/bitcoin-btc-price-all-set-print-new-lows-before-this-week-ends/