Again today we analyze the live Bitcoin price and the prices of the top 25 crypto. Next, we look at the crypto results of the past week and month, after which we analyze the Bitcoin price. Finally, we explain how you can learn to invest (better) in crypto for free.
We start, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto flat
At the time of writing, the live Bitcoin price is quoting EUR 20,337.63 ($21,464.39). This is 0.14% higher than yesterday around this time and also higher than during our Bitcoin lunch last Friday.
The prices of the top 25 crypto are also generally flat. There are outliers up and down though. The biggest loss is currently at -3.44% for Polygon (MATIC). Dogecoin (DOGE) is posting the highest gain at 10.54% at the moment. This weekend, by the way, we also saw Dogecoin receive interest that it is less than happy about.
Results: positive week for Bitcoin, crypto performs better
Despite the flat start to the week, the crypto market had a positive week overall. Only the stable coins recorded slight red figures. Polygon (MATIC) recorded the biggest gain of the week with + 51.85%. Many other crypto also wrote double-digit results. Bitcoin (BTC) lagged behind with +4.32%.
The positive weekly results also influence the monthly results for many crypto from the top 25. Here Leo Token (LEO) performed best with a result of +20.33%. Still, the uptrend was not enough for all crypto to write positive monthly results. With -29.36%, Lido Staked Ether (STETH) suffered the biggest loss. Again, Bitcoin (BTC) ended in the tail with -25.28%.
On the website of Tradeincrypto.com you can analyze all results and all live crypto prices 24 hours a day.
BTC heading for historic bear market
Meanwhile, the end of the month is approaching. Despite last week’s recovery, the Bitcoin price is on track to exit the month so low that history will be made. SO the BTC could dip below the 200-week moving average for the first time in its existence.
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This is getting interesting! If BTC does not close June above 200WMA ($22K) that would be the first monthly close below 200WMA ever. 4 days to go … pic.twitter.com/YtshVcIpks
– PlanB (@100trillionUSD) June 26, 2022
In addition, we see in reports from Glassnode that more historical lows could be broken. For example, we see that the currency is not only dipping below its 200-week moving average, but also trading below its realized price. In addition, we see that miners are also starting to sell en masse. Analysts show that this is very rare and often a sign of market recovery.
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#Bitcoin is trading below the following models which have coalesced around bear market floors in the past:
200W moving average
0.6 x Mayer Multiple
Such events in the past have only occurred for 13 out of 4,360, representing 0.2% of all trading days. pic.twitter.com/DtWGMrL2U2
– _Checkɱate (@_Checkmatey_) June 26, 2022
With that, of course, comes the question of which key Bitcoin quotes investors are now watching.
Bitcoin key prices in the short and long term
In the short term, all eyes are on the 200-week moving average. This lies around $23,000. If the Bitcoin price manages to break this boundary there is another resistance level at the 0.382 Fibonacci retracement level at $23,275. If this boundary is also broken there seems to be a clear space up to $30,000.
Nevertheless, many crypto-experts expect that the suffering is not yet over. In that case we see a support level between $19,000.00 and $18,000.00. If this proves insufficient, the market will remain bearish. A support level at $ 17,924 is then the last barrier to prevent a further decline in prices.
Incidentally, the question is how quickly Bitcoin will trade above $30,000 again. Based on historical analysis, this could take a year, after which another larger rally could follow in 487 days.
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Statistically, #bitcoin should spend about the same amount of time between $10K to $31,623 as $31,623 to $100k but historically has spent 2/3 of the time in the high half of each range. pic.twitter.com/y8QKAd0Af5
– ChartsBTC (@ChartsBtc) June 26, 2022
As you can see, this is in line with the previous bear rallies in 2015 and 2018.
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Investing but not (only) in Bitcoin and crypto?
As you may know by now, we not only analyze the prices of crypto investments, but we also look at the price forecast for other popular investments such as stocks, gold, oil and FOREX. What this picture looks like for the coming week you can of course read in our latest price forecast.
Want to stay informed about the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”