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- 🌟 Photo Sharing Tips: How to Stand Out and Win?
1.Highlight Gate Elements: Include Gate logo, app screens, merchandise or event collab products.
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5.Share on Multiple Platforms: Posting on Twitter (X) boosts your exposure an
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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The Bitcoin price was rejected by the weekly resistance level of $67,147 on Monday and dropped by 2.2%. BTC is currently supported by the 50% retracement level of $64,274 calculated from the lowest level of $56,523 on May 1 to the highest level of $71,995 on May 21. If BTC bounces from $64,274, it could reach the previous resistance level of $67,147 with a 4% increase.
The Relative Strength Index (RSI) and Awesome Oscillator (AO) support this mentioned bounce. The low level formed on June 18th in the 4-hour chart does not reflect the high level of RSI during the same period. This development is called a bullish divergence and usually leads to a reversal of the trend or a short-term rally. If the bulls are aggressive and the overall crypto market outlook is positive, BTC can perform an additional rally of 6% to reach the previous resistance level of $71,280.