The expert allowed a decrease in bitcoin to $ 59 thousand in early July.
In early July, the most likely scenario will be the movement of bitcoin in the range of $ 59-61.5 thousand. At the same time, the key resistance level remains around $62.5 thousand. Kirill Komalenkov, Director of Strategic Communications at Bitbanker, told Izvestia on June 29.
"At the end of June, the picture for bitcoin remains rather bearish. After bouncing up from the $60,000 level, buyers failed to continue the upward movement, and the price of the main digital currency is once again trading below the key moving averages. This suggests that the initiative is still on the sellers' side," the expert said.
According to him, if this resistance is overcome, the next target may be the range of $ 68-70 thousand, but the probability of such a scenario in the coming week is low. The basic forecast assumes the completion of the current technical rebound and the continuation of the decline. First of all, the market may test the level of $ 58 thousand, then the range of $ 55-56 thousand.
According to Komalenkov, while maintaining pressure from sellers, a deeper correction cannot be ruled out — up to $ 47-50 thousand. The expert considers this range to be the most likely zone where a long-term market reversal may form.
The analyst stressed that the further dynamics of bitcoin will depend on the ability of buyers to regain control of the market. Until consolidation above key levels, the technical picture remains predominantly bearish, and the likelihood of new attempts at decline remains.
Deputy Finance Minister Ivan Chebeskov announced on June 16 that unqualified investors in Russia will soon be able to legally buy bitcoin, ether and popular stablecoins. After almost 10 years of discussions and disputes, including the idea of a total ban, the authorities are moving to comprehensive regulation of the cryptocurrency market.
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