Blackrock ETF approval, #SEC #Binance US deal is a green light for Bitcoin. LiDR crypto asset, which started to rise after the news, rose to the level of 26,800. So what's next in the scenario? Here is the analysis for June 18 #Bitcoin .

  • According to our technical indicators, the current sentiment is Bullish, with the Fear and Greed Index reading 47 (Neutral).

  • #BTC recorded 15/30 (50%) green days with 2.35% price volatility in the last 30 days.

  • According to data dated June 18, 2023, the general Bitcoin price forecast sentiment is bullish.

  • While 23 technical analysis indicators give bullish signals, 6 technical analysis indicators give bearish signals.

  • Bitcoin is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been giving a BUY signal for the last 155 days since January 13, 2023.

  • Bitcoin price is currently above the 50-day SMA and this indicator has been giving a BUY signal for the last 19 days since May 29, 2023.

  • The last Death Cross in the Bitcoin market occurred on January 13, 2022, 520 days ago. By the way, the Golden Cross last occurred 131 days ago, on February 06, 2023.

  • The Relative Strength Index (RSI) momentum oscillator is a popular indicator that shows whether a cryptocurrency is oversold (below 30) or overbought (above 70).

  • Currently, the RSI value is at 48.56, which indicates that the BTC market is in a neutral position.

When 26,514.48 level is taken as Pivot;

  • Resistance Level (R3): 28,013.92

  • Resistance Level (R2): 27,234.02

  • Resistance Level (R1): 26,816.34

  • Pivot Point: 26,514.48

  • Support Level (S1): 25,618.76

  • Support Level (S2): 24,838.86

  • Support Level (S3):24,421.18

Last month, BTC/USD fell by -0.58%. The 1-year performance of BTC/USD is 29.37%.

  • Bitcoin's 50-day SMA (simple moving average) is currently $27,223. The 50-day SMA shows the average price of Bitcoin over a 50-day period.

  • Bitcoin's 200-day value is currently $23,771. The 200-day SMA is a popular indicator used to determine the long-term price trend of an asset.

  • Bitcoin's 14-day RSI is at 48.56, indicating that BTC is currently neutral.