Bitcoin price reached 41,000 USD and then refused after seller defended 200-MA


The overall sentiment of the cryptocurrency ecosystem was calm on June 15th, most altcoin transactions were flat, while Bitcoin (Bitcoin) Look long Daily closing price is higher than 41,000 USD As a sign that the market may turn to bulls.

Data from Cointelegraph Markets Pro with Transaction view It shows that in the past few hours, the price of Bitcoin rose to $41,330, but the breakthrough was quickly met by selling at the upper resistance level.

BTC/USDT 4-hour chart. source: Transaction view

Another indicator of investor sentiment highlighted by Rekt Capital is the 200 Index Moving Average (EMA). Bitcoin tried to surpass the index on Tuesday but was firmly rejected.

Bitcoin quickly sold to $39,500 after the 200 EMA was rejected, which shows that it is not impossible that it may go down.

Some altcoins rebounded on good news

Daily cryptocurrency market performance. source: Coin 360

Although the price trend of most altcoin markets was flat on June 15, after the news that Coinbase Pro supported token trading was exposed on June 17, Shiba Inu (SHIB) rose by 33%.

After the announcement, Chiliz (CHZ) and KEEP also rose by 18% and 10%, respectively.

Icon (ICX) has also been upgraded freed A new Ethereum (Ethereum) Virtual Machine (EVM) is compatible with blockchain, called ICE. ICE is expected to become the application center of the Icon project, and it will have its own native token.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, the outlook for ICX began to be found to be bullish on June 13.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.

VORTECS™ score (green) and ICX price. source: Cointelegraph Markets Pro

As shown in the figure above, the VORTECS™ score began to turn green on June 12, and finally reached a high of 75 on June 13, 10 hours before the price rose by 35% in the next two days.

Other notable performances of altcoins include Amp (AMP) up 22% and iExecRLC (RLC) and Ultra (UOS) up 20%.

The overall cryptocurrency market value is now $1.685 trillion, and Bitcoin’s dominance rate is 44.6%.

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