Bitcoin drops below $21K once again: $19K on the able table again
Bitcoin price analysis for June 28, 2022, comes on a bearish note for the world’s biggest cryptocurrency as we have seen a price drop of more than 2.3% in the last 24 hours. Additionally, we can also expect the BTC coin to aim for $19K price support in the near future if the bulls are unable to reclaim dominance over the price action. As noted in our BTC price analysis for June 27, 2022, there is a major resistance for the coin beyond the $22K price level which it failed to break a number of times in the past.
The data from CoinMarketCap shows that the trading volume of the token surged by 6.09% in the last 24 hours, followed by a 2.26% drop in the market cap. Moreover, the Volume / Market Cap has a value of 0.05422, while the Market Dominance dropped to 42.39%.
The daily candle for the token opened at a price of $20742 and reached a daily high of $20946. On the other hand, the daily low for Bitcoin stands at a price of $20510. The price of 1 Bitcoin at the time of writing is $20898.
Bitcoin price analysis for June 28 on the daily chart
Bitcoin price analysis for June 28, 2022, will consider the data from the daily chart below with three major indicators integrated into it.
Source: TradingView
The RSI indicator reads a value below 35 which means that bears are overall in charge of the price action while the gradient of the line sluggishness.
The MACD indicator shows that the MACD line remains above the signal line and the MACD histogram also remains bullish for the meme coin.
The price action for Bitcoin is situated in the lower region of the Bollinger Bands while investors can expect a retest of the middle zone of the Bands.
Conclusion
Bitcoin price analysis for June 28, 2022, ends on a bearish note for BTC as the chances of BTC retaining $20K remain slim.
