Bitcoin retains price action above $21K: Market remains sluggish
Bitcoin price analysis for June 26, 2022, comes on a slightly bullish note for the world’s biggest cryptocurrency as the token has seen a price surge of nearly 1% in the last 24 hours. Interestingly, there are chances that the token might aim for higher prices in the coming days if the bulls remain in control of the price action. As noted in our BTC price analysis for June 25, 2022, the BTC token was able to retain prices above the $20K price region and now, has found resistance toward the $22K price level.
The data from CoinMarketCap shows that the trading volume of the token dropped by 27.75% in the last 24 hours, followed by a 1.18% surge in the market cap. Moreover, the Volume / Market Cap has a value of 0.04305, while the Market Dominance dropped to 42.52%.
The daily candle for the token opened at a price of $21491 and reached a daily high of $21544. On the other hand, the daily low for Bitcoin stands at a price of $21282. The price of 1 Bitcoin at the time of writing is $21496.
Bitcoin price analysis for June 26 on the daily chart
Bitcoin price analysis for June 26, 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 37 which means that investors can expect Bitcoin to move higher in the coming days.
The MACD indicator shows that the MACD line remains above the signal line and the MACD histogram remains green for the coin.
The price action for Bitcoin is situated in the lower region of the Bollinger Bands and the bulls are now aiming for the middle zone of the Bands.
Conclusion
Bitcoin price analysis for June 26, 2022, ends on a slightly bullish note for BTC as the chances of BTC retaining $21K remain high.
