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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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The price of Bitcoin is struggling (BTC) to maintain the $100K level after a volatile drop over the weekend to $98,225. Despite this, the price of Bitcoin recovered by 2.82% and closed above the stated psychological level. As of Monday, June 23, the price of Bitcoin is up nearly 1% to trade at $101,500. As the New York trading session begins, traders await a support level at $99.8K and a resistance level at $102.6K for the next big move. In this Bitcoin price analysis, let's analyze critical levels and determine whether Bitcoin is about to rise to an all-time high or a deeper decline.
Bitcoin Price Analysis: Here's What Investors Can Expect This Week
The time, price, and opportunity chart (TPO) for Bitcoin (BTC) outlines the main short-term forecasts that investors can use to gauge what to expect in today's New York trading session.
The TPO chart shows that the lowest value of Bitcoin yesterday at 99,800 Dollar is the immediate support level. Investors expect the rebound from this level to halt the recent collapse of the cryptocurrency market. The TPO also identifies some naked point of controls (nPOCs) that represent key resistance levels to watch for in case of a rebound in the price of Bitcoin. These obstacles include: 102,600 Dollar, 103,600 Dollar, 104,600 Dollar. Additionally, the supply zone, which coincides with the supply area, extending from 104,500 Dollar to 107,200 Dollar, represents a major barrier to the reversal.