Bitcoin
BTC$28 068.88

1.33%

Ethereum
ETH$1 796.91

2.35%

Tether
USDT$1.001141

-0.09%

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BNB$323.51

-0.44%

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USDC$0.999580

0.05%

XRP
XRP$0.427684

-3.54%

Bitcoin Holds Support, Faces Resistance at $36K


06 Jul 2021

#Bitcoin

Bitcoin (BTC) buyers were active over the weekend, supporting a near 6% price jump that stalled near the $36,000 resistance level. The cryptocurrency was trading around $34,000 support at press time and is down about 3% over the past 24 hours.

The relative strength index (RSI) on the four-hour chart registered an overbought signal on Sunday, which preceded a pullback towards the current support zone. The RSI is oversold on the hourly chart, suggesting further upside is likely towards initial resistance at $36,000.

Bitcoin is maintaining a series of higher lows from the June 22 shakeout around $29,000. This means buyers were able to defend rising support levels, albeit within a tight range. A breakout above $36,000 would yield an upside target towards $40,000 as momentum improves. For now, upside appears limited beyond the month-long trading range given the downtrend since April.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 69.6% 54 $28 068.88 1.33% 7.74% $542 479 232 239 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 79.6% 39 $1 796.91 2.35% 4.75% $219 895 368 505 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.001141 -0.09% -0.12% $78 575 681 204 USDT 7 days price change
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5 USD Coin (USDC) USDC USD Coin predictions 91.6% 2 $0.999580 0.05% -0.01% $34 405 741 418 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 84.4% 21 $0.427684 -3.54% 15.97% $21 790 915 468 XRP 7 days price change
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15 Litecoin (LTC) LTC Litecoin predictions 73.2% 59 $92.99 5.58% 13.69% $6 746 412 901 LTC 7 days price change

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