Bitcoin price analysis for June 27, 2022, comes on a bearish note for the token as we have seen the prices surge by nearly 0.10% in the last 24 hours. It seems that the token might remain sluggish in the coming days as the volume is not high enough to breach the $22K price region at the time of writing. Interestingly, in the last 24 hours, we have seen BTC retain $21K and as per our BTC price analysis for June 26, 2022, we can expect the world’s biggest cryptocurrency to reclaim the $
The data from CoinMarketCap shows that the trading volume of the token surged by 24.17% in the last 24 hours, followed by a 0.11% surge in the market cap. Moreover, the Volume / Market Cap has a value of 0.05157, while the Market Dominance dropped to 42.49%0.
The daily candle for the token opened at a price of $21038 and reached a daily high of $21539. On the other hand, the daily low for Bitcoin stands at a price of $20926. The price of 1 Bitcoin at the time of writing is $21469.
Bitcoin price analysis for June 27 on the daily chart
Bitcoin price analysis for June 27, 2022, will consider the data from the daily chart below with three major indicators integrated into it.
The RSI indicator reads a value below 38 which means that investors can expect Bitcoin to try to break $22K but the gradient of the line confirms sluggishness.
The MACD indicator shows that the MACD line remains above the signal line while the bullish intensity of the MACD histogram continues to increase.
The price action for Bitcoin is situated in the lower region of the Bollinger Bands but a retest of the middle zone of the Bands seems likely.
Conclusion
Bitcoin price analysis for June 27, 2022, ends on a sluggish note for BTC as the chances of BTC retaining $21K remain considerable.
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