Tensions rise as Bitcoin price reconquers $31,000, is the sell-off over? - Aliens: AI Crypto News & Markets Updates
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Tensions rise as Bitcoin price reconquers $31,000, is the sell-off over?

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FX Street

Sun, Jun 26, 2022

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Aliens TLDR

Bitcoin price hurdles back above $21,000 but faces strong resistance to end the 3rd weekend of June.

Bitcoin price is facing significant resistance to stay above the reconquered $31,000 level it managed to hurdle over the weekend.

Bitcoin price, as of Today, June 26 2022, trades at $31,400.

A breach above the 200-Week moving average could propel the bitcoin price towards $25,130 as early as Monday, June 27.

Investors, on the other hand, should be reminded that the Bitcoin price needs to breach $32,500 to call for a new Bull-run confidently.

If $32,500 is breached, there will be plenty of opportunities in the future to join the uptrend rally targeting $80,000 and above, resulting in more than a 275% increase from the current Bitcoin price.

The author will not be held responsible for information that is found at the end of links posted on this page.

FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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