BTC/USD

  • Possible resistance at $9,869
  • This week’s highest: $10,199.56 
  • This weeks lowest: $9,366.73
  • Last 1 months highest: $10,199.56
  • Last 1 months lowest: $8,374.32

Also Read: According to MIT Startups, Crypto uptrend started Fall 2019

If BTC’s $9,869 resistance is crossed, the next resistance sits at $10,054.6 in the daily chart. 

If resistance at 9,869 is crossed, BTC will further move upwards to test the resistance at $10,054.6 level. However, if BTC fails to cross the resistance at $9,869, the price will move downwards to $9,770.6 before testing the support levels at around 9,486.6.



Newsherder’s BTC/USD Daily Price & Forecast of June 4 ,2020 reveals that if BTC crosses the resistance at $9,869 levels, there might be an upward movement towards $10,054.6. However the chances of this upward movement is less. There are more chances of a downward movement after testing resistance at around $9800s, after which support levels at $9,770.6, which if crossed BTC will try support at 9,486.6

 

Bitcoin News

1. Bloomberg Analysts Predict $20K Bitcoin In 2020

Bloomberg analysts including other experts are expecting bitcoin to revisit its record high this year

 

2. P2P Bitcoin Trade Volumes Soars Despite Russia’s Confusing Crypto Laws

P2P cryptocurrency trading data shows BTC are growing extremely popular in Russia, despite the State Duma’s opinions & regulations aimed at crypto assets. On Monday, Russia’s government published a draft of litigation mandates, named “On Digital Financial Assets,” & lawmakers are looking for public opinion. Despite the strict proposal drafted by Russia’s bureaucracy, trade volumes on certain exchanges have seen significant demand from the country’s citizens.

 

3. Recent Data Hack May Have Put Millions of Dollars in Bitcoin at Risk

Hackers have obtained over 5k email addresses from Coinsquare’s database and intends to use them for SIM swapping attacks. Last month, another SIM swapping attack was witnessed.