Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

2025-05-12

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

2025-05-12

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

2025-05-12
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12

    Ripple CTO predicts a big shift with ZK certificates: Details

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12

    Analyst reveals factors that will make it happen in 2025

    2025-05-12

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Bulls Blast Past $26.2k – Time for a Rally?
Bitcoin

Bitcoin Bulls Blast Past $26.2k – Time for a Rally?

2023-06-18No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • Bitcoin’s market structure has been bearish, but a move above $27.4k could change that.
  • Traders should be cautious around $28k due to the possibility of a liquidity hunt.

From Bitcoin [BTC] The correlation with the S&P 500 turned negative in May. This meant that the index was generally bullish, but Bitcoin has been moving in the opposite direction in recent weeks. Growing hostility from regulatory authorities in the United States has played a role in BTC’s misadventures on the price chart.


Read Bitcoin [BTC] Price Forecast 2023-24


There was an argument that Bitcoin was showing some signs of recovery. Still, an analysis of the price action showed that the bias remained in favor of the sellers. On the other hand, if Bitcoin rises to $28,000, it could signal an uptrend.

Can the bulls then drive Bitcoin past $27.4k?

Bitcoin bulls rocket past $26.2k to fend off the bears - can they build on these gains?

Source: BTC/USDT on TradingView

Bitcoin market structure on the daily time frame has been bearish. The structure shifted on April 21 as BTC fell below a recent higher low. Since then, the price has been lower on the chart.

In addition, the trading volume from April was extremely low compared to the volume in February and March. This was also reflected in OBV, which fell only slightly in May, in contrast to the rapid increases recorded in mid-March.

The Fibonacci levels based on the recent leg down show that Bitcoin was probably heading towards $24.8k. The extension level of 61.8% at $23.3k was also a target it presented. The price action showed that the $24.2k – $24.4k region could serve as strong support. Below that, the $22.4k and $21.5k levels were important.

See also  Don't count on Bitcoin to fall to previous lows, says crypto analyst Jason Pizzino – here's why

To signal a bullish shift in the structure, Bitcoin prices must rise again above the recent low at $27.4k. Still, no uptrend would emerge there as BTC should form a higher low and stay higher. Cautious investors can wait for this turn of events before buying.


Is your wallet green? Check the Bitcoin Profit Calculator


A falling BTC supply on exchanges does not necessarily indicate an accumulation phase

Bitcoin bulls rocket past $26.2k to fend off the bears - can they build on these gains?

Source: Sanitation

The dormant circulation saw a huge spike on May 7, but spikes haven’t been uncommon since then. The most recent on June 15 saw BTC drop to $24.8k. The active address metric has also improved over the past two weeks.

Supply on exchanges declined in response to users moving money into self-custody out of fear. The exchange rate balance also showed outflows outweighing inflows in recent days.

Source link

26.2k Bitcoin Blast Bulls rally Time
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

2025-05-12

Can the resistance crush and re -design the rally?

2025-05-12

Bitcoin prize focuses on $ 110,000 of all time after the consolidation trend ends

2025-05-12

Bitcoin versus rates: the ultimate test for BTCs ‘Safe-Haven’-Use Case

2025-05-12
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitlayer to integrate Chainlink’s CCIP

2024-10-30

Tether CEO Paolo Ardoino denies rumors that the Stablecoin issuer is under federal investigation

2024-10-27

Terra classic [LUNC]: Will this proposal be the boost the ecosystem needs?

2023-04-28
Editors Picks

Real ‘Altcoin Reckoning’ Hasn’t Even Happened Yet, Says Top Analyst Benjamin Cowen

2023-06-11

US SEC Lists Solana (SOL) ETFs Before Administration Change: Report

2024-12-07

‘Miracle Year’ for ‘Godzilla’ Bitcoin – What This Executive Expects from 2024

2024-02-05

Bitcoin now has over 10 million ordinal numbers

2023-05-29
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,590.83-1.54%
  • ethereumEthereum(ETH)$2,481.33-1.25%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.536.54%
  • binancecoinBNB(BNB)$659.281.24%
  • solanaSolana(SOL)$173.770.03%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229645-1.34%
  • cardanoCardano(ADA)$0.810.91%
  • tronTRON(TRX)$0.2716712.28%
  • suiSui(SUI)$3.95-1.85%
  • chainlinkChainlink(LINK)$16.71-2.39%
  • avalanche-2Avalanche(AVAX)$24.77-0.19%
  • stellarStellar(XLM)$0.3114271.57%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.99%
  • hedera-hashgraphHedera(HBAR)$0.2134853.03%
  • the-open-networkToncoin(TON)$3.35-1.88%
  • piPi(PI)$1.186.70%
  • hyperliquidHyperliquid(HYPE)$24.65-1.25%
  • bitcoin-cashBitcoin Cash(BCH)$410.170.43%
  • polkadotPolkadot(DOT)$5.05-1.00%
  • litecoinLitecoin(LTC)$104.434.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.81%
  • moneroMonero(XMR)$337.001.60%
  • pepePepe(PEPE)$0.000014-0.97%
  • bitget-tokenBitget Token(BGB)$4.80-2.14%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.86-0.55%
  • bittensorBittensor(TAO)$454.44-1.74%
  • nearNEAR Protocol(NEAR)$3.170.88%
  • aptosAptos(APT)$5.84-0.68%
  • aaveAave(AAVE)$220.81-0.01%
  • okbOKB(OKB)$54.25-1.65%
  • ondo-financeOndo(ONDO)$1.02-1.71%
  • internet-computerInternet Computer(ICP)$5.71-1.16%
  • kaspaKaspa(KAS)$0.115526-1.82%
  • ethereum-classicEthereum Classic(ETC)$19.77-1.08%
  • mantleMantle(MNT)$0.80-0.56%
  • gatechain-tokenGateToken(GT)$21.930.20%
  • crypto-com-chainCronos(CRO)$0.1012052.73%
  • render-tokenRender(RENDER)$5.15-2.65%
  • vechainVeChain(VET)$0.030880-1.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253698-1.53%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.92-6.17%
  • ethenaEthena(ENA)$0.385594-5.47%
  • usd1World Liberty Financial USD(USD1)$1.000.47%
  • filecoinFilecoin(FIL)$3.13-0.56%
  • algorandAlgorand(ALGO)$0.2418500.65%
  • cosmosCosmos(ATOM)$5.23-1.39%
  • bitcoinBitcoin(BTC)$102,590.83-1.54%
  • ethereumEthereum(ETH)$2,481.33-1.25%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.536.54%
  • binancecoinBNB(BNB)$659.281.24%
  • solanaSolana(SOL)$173.770.03%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229645-1.34%
  • cardanoCardano(ADA)$0.810.91%
  • tronTRON(TRX)$0.2716712.28%
  • suiSui(SUI)$3.95-1.85%
  • chainlinkChainlink(LINK)$16.71-2.39%
  • avalanche-2Avalanche(AVAX)$24.77-0.19%
  • stellarStellar(XLM)$0.3114271.57%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.99%
  • hedera-hashgraphHedera(HBAR)$0.2134853.03%
  • the-open-networkToncoin(TON)$3.35-1.88%
  • piPi(PI)$1.186.70%
  • hyperliquidHyperliquid(HYPE)$24.65-1.25%
  • bitcoin-cashBitcoin Cash(BCH)$410.170.43%
  • polkadotPolkadot(DOT)$5.05-1.00%
  • litecoinLitecoin(LTC)$104.434.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.81%
  • moneroMonero(XMR)$337.001.60%
  • pepePepe(PEPE)$0.000014-0.97%
  • bitget-tokenBitget Token(BGB)$4.80-2.14%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.86-0.55%
  • bittensorBittensor(TAO)$454.44-1.74%
  • nearNEAR Protocol(NEAR)$3.170.88%
  • aptosAptos(APT)$5.84-0.68%
  • aaveAave(AAVE)$220.81-0.01%
  • okbOKB(OKB)$54.25-1.65%
  • ondo-financeOndo(ONDO)$1.02-1.71%
  • internet-computerInternet Computer(ICP)$5.71-1.16%
  • kaspaKaspa(KAS)$0.115526-1.82%
  • ethereum-classicEthereum Classic(ETC)$19.77-1.08%
  • mantleMantle(MNT)$0.80-0.56%
  • gatechain-tokenGateToken(GT)$21.930.20%
  • crypto-com-chainCronos(CRO)$0.1012052.73%
  • render-tokenRender(RENDER)$5.15-2.65%
  • vechainVeChain(VET)$0.030880-1.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253698-1.53%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.92-6.17%
  • ethenaEthena(ENA)$0.385594-5.47%
  • usd1World Liberty Financial USD(USD1)$1.000.47%
  • filecoinFilecoin(FIL)$3.13-0.56%
  • algorandAlgorand(ALGO)$0.2418500.65%
  • cosmosCosmos(ATOM)$5.23-1.39%