CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-06-28 08:26:20

Bitcoin Rebounds Above $62,000 After Six-Week Low, Analysts Eye $63,500 Target

Bitcoin‘s price hit a six-week low on June 24, but buyers quickly intervened, pushing it back above $62,000 within 24 hours. Trader Jelle analyzed Bitcoin’s market structure and noted renewed buyer interest around the $60,000 support zone. He expressed optimism in a June 25 post on X, saying, “If #Bitcoin can lock in a lower-timeframe higher low today, I think we run it back to $63,500 before the week is out. “Above that, and red Monday, green week becomes a reality.” Jelle highlighted Bitcoin’s oversold conditions after it dipped to $58,400 on June 14, comparing it to the price action

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.