- Possible resistance at $10,115.6
- This week’s highest: $10,199.56
- This weeks lowest: $8,851.99
- Last 1 months highest: $10,199.56
- Last 1 months lowest: $8,374.32
If BTC’s $10,115.6 resistance is crossed, the next resistance sits at $10,701.1 in the daily chart.
Looking at daily chart, mixed trend from current levels is expected to test the support levels at 9,071 and resistance at 10,115.6.
If resistance at 10,115.6 is crossed, BTC will further move upwards to test the resistance at $10,701.1 level. However, if BTC fails to cross the resistance at $10,115.6, the price might settle around the next support levels at $9,071 and further move downwards to test the level at 8,611.9
Newsherder’s BTCUSD Daily Price & Forecast of June 3, 2020 reveals that if BTC crosses the resistance at $10,115.6 levels, there might be an upward movement towards $10,701. If crossed, $11,600.2 is the next target. However there is also likely downward movement expected to test the support levels at $9,071, which if crossed BTC will try support at 8,611.9
1. Bitcoin crashes in less than 24 hours
With bitcoin price soaring over $10,000 per bitcoin, investor celebrations were short lived. The bitcoin price crashed in less than 24 hours post crossing psychological $10,000 level ad surging to highs of $10,430.
2. Bvnex exchange announced Bitcoin cash support
Trading platform Bvnex Exchange announced the support of bitcoin cash on the crypto trading platform based out of Vietnam. This will allow Vietnamese and other Asian markets to trade bitcoin cash for Vietnam dong.
3. Bitcoin and gold closely correlated
Bitcoin and gold have noticeably moved in tandem with each other, according to new data. Coin metrics latest report shows strong correlation between gold and Bitcoin for the past several months. During COVID-19 market selloff sentiment, Bitcoin and gold reached their lowest points for the year and within the next two months, both assets were seen spiking and into higher range, with BTC hitting $9,000mark and gold shooting above $1,700.