21.06.21 [Přehled trhu a BTC] Does the BTC correction end?

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What value could Bitcoin reach this year, and where will it stop significantly, the whole community is arguing across the Internet. Will it be at 20k? Or $ 100,000?

The global cryptocurrency market capitalization is $ 1.49 trillion, a decrease of 0.67% over the last day.
The total volume of cryptocurrencies over the last 24 hours is $ 78.74 billion, an increase of 9.95%. The total volume in DeFi is currently $ 5.92 billion, which is 7.51% of the total 24-hour volume of the cryptocurrency market. The volume of all stable coins is now $ 62.01 billion. The price of Bitcoin is currently $ 34,984.38.

The dominance of bitcoins is currently 44.81%, a decrease of 0.12% per day.

Technical analysis: Bitcoin

Over the last 2 days, Bitcoin has risen 11.2%, ending support at $ 36,980. As you can see from the chart, Bitcoin successfully broke the support line of triangles, which secured its value today 34 000 USD. We have a short resistance at the price again within reach 36 980 USD and after breaking it 41 500 USD, which is a monthly high.

As far as my view is concerned, it is the resistance at $ 41,500 that should slow Bitcoin for a while and I expect a slight decline. A short drop should help Bitcoin inhale and break through resistance for the third time and move Bitcoin to stronger resistance to $ 50,000. On Sunday, however, we finally see a rebound from the support zones to 34,000. According to fractal similarity, the decline is over and we are expected to grow again next week.

What value could Bitcoin reach this year, and where it will stop significantly, the whole community is arguing across the Internet. Will it be at 20k? Or $ 100,000? But one thing is certain, a lot of bullish fundamentals are needed for growth, which is well shown by 2019, when we rose from $ 3,200 to $ 14,000 in just 6 months. Is $ 20,000 unrealistic? It would not be unusual in a crypt, a sharp drop of tens of percent is commonly seen on BTC, and a fall of 80% is also not unusual.

ATTENTION: No data in the article is an investment board. The kryptomagazin.cz team strongly recommends individual risk considerations.

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