Bitcoin price moves toward $40K as on-chain and technical analysis favor bulls
Cointelegraph
Published Jun 13, 2021 09:37PM ET
Updated Jun 14, 2021 02:40AM ET
Bitcoin (BTC) price saw a bullish turn of events on June 13 as the price broke out to $39,252 but many analysts are still on the fence when it comes to determining whether the digital asset is ready to continue its uptrend.
To date, the crypto market remains on edge and is two months removed from Bitcoin’s all-time high near $65,000. A market analysis from Delphi Digital identified a “major head and shoulders pattern” that could “spell more short term pain if BTC dives below $30,000.”
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Written By: Cointelegraph
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