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After a slight recovery, the prices of most coins have fallen again.
Top Coins by CoinMarketCap
BTC/USD
Despite the decline in other coins, Bitcoin (BTC) price is almost unchanged since yesterday.
BTC/USD chart by TradingView
On the local timeframe, the price has regained above $29,000 despite the increasing trading volume. If the buyers can retain the initiative, the sustained upward move could continue to $29,400-$29,600 by the end of the day.
BTC/USD chart by TradingView
On the daily chart, the price is closer to support than resistance, meaning there are more chances of further decline than recovery. However, if it grows to $30,000, the situation may change.
BTC/USD chart by TradingView
The situation is also rather bearish from a medium-term perspective. If seller pressure continues, traders can expect a sharp drop below $27,757. Such a scenario is relevant until the end of June.
Bitcoin is trading at $29,033 at press time.
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