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Bitcoin Price Analysis – Mid June

by icosuccess
, Bitcoin Price Analysis – Mid June

Two weeks into the month of June and the Bitcoin price still trades below the month opening price with market capitalization taking a dip from $161.3 billion USD to a low of $131.8 billion USD in mid-June. In an interview with Bloomberg on June 11, Barry Silbert, founder of Digital Currency Group (DCG) says the crypto winter is ended, and we are likely in a crypto spring.

Read on as we take a look at the technical levels driving the Bitcoin price.

Bitcoin (BTC)

BTCUSD Monthly

Even though there is still plenty of the month of June left, it has not behaved as the previous three months have due to its longest bearish shadow as the price currently trades below the opening price.

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