If Bitcoin bounces off $69,000, buyers are likely to boost BNB, TON, FIL and INJ higher.
Bitcoin is trying to flip the $69,000 level into support, and if it does, BNB, TON, FIL and INJ may move higher.) is down from its intra-week high of about $72,000, but the bulls are trying to hold the price above $69,000. Bitcoin is on target to end the week with marginal gains of just over 2%. Although Bitcoin has failed to rise above the overhead resistance, buyers have remained in place.into spot Bitcoin exchange-traded funds this week.
This positive view will be invalidated in the near term if the price continues lower and plunges below the breakout level of $635. That may trap the aggressive bulls and tug the pair to the uptrend line.The bears pulled the price below the 20-EMA but could not extend the decline to the 50-SMA. This suggests that selling dries up at lower levels. The bulls will try to push the price back above the 20-EMA. If they do that, the pair could rally to $695 and thereafter to $722.
The key level to watch on the downside is the uptrend line. If this support gives way, it will signal the start of a deeper correction. The pair is likely to find support in the $6 to $6.26 zone.) has been consolidating between $5 and $6.77 for several days, indicating that the bulls are trying to form a base.The bulls tried to push the price above the overhead resistance on June 7, but the long wick on the candlestick shows the bears are fiercely defending the level.
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