- Bitcoin price fell below $20K over the weekend but quickly recovered as bears take a break.
- Ethereum price revisits historical indicator lows.
- Ripple price could induce a rally towards $0.40 if the $0.34 resistance level is successfully hurdled.
UPDATE: Bitcoin price predictions continue to be mostly bearish as the main cryptocurrency briefly broke below the psychological $20,000 mark during the weekend. BTC price closed Saturday trading just below $19,000 but quickly recovered on Sunday above $20K, where it is trading at the time of this update (Monday, 9.30 GMT). US markets are closed on Monday on the celebration of Juneteenth, which seems to have quieted somewhat the volatile price action seen over the past few days. Bitcoin is trading in the green for the day, nearing a test of $21,000, showing that bears are taking a pause after making huge strides over the past 10 days. The Relative Strength Index is close to all-time lows, which reflects the oversold status of Bitcoin, and might hint that a relief (or bear market) rally could be on the cards before a likely continuation of the downtrend follows.
#BTC Monthly RSI has never been this low$BTC #Crypto #Bitcoin pic.twitter.com/EEWI8Ogon4
— Rekt Capital (@rektcapital) June 20, 2022