Bitcoin

Bitcoin (BTC) Price Prediction for June 1st – TradingView News

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Seller pressure continues into the weekend, according to CoinMarketCap. Top Coins on CoinMarketCap

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The price of Bitcoin BitcoinUSD is down 0.83% in the last 24 hours.Image from TradingView

On the hourly chart, the BTC rate is trying to return to the local resistance level of $67,750. If it manages to do this, the accumulated energy could be enough for a breakout followed by a move to the $68,000 zone.Image from TradingView

On the daily chart, the situation is less clear because the price is far from the support and resistance levels. Since neither side is dominating, continued sideways trading in the $67,000 to $69,000 zone is the most likely scenario. Image from TradingView

From a medium-term point of view, the picture is quite similar. Volume continues to decline, meaning sharp moves are unlikely to happen anytime soon. In this case, traders may witness consolidation in the wide range of $66,000 to $70,000 in early June.

Bitcoin is trading at $67,694 at press time.

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