Bitcoin – Ethereum – Dollar – Market analysis of Tuesday 20 June

The cryptocurrency market remains impacted by a market held up by soft sellers. And the buyers who are still missing the appeal for a rebound worthy of the name…

Bitcoin Analysis – Medium Term

The Bitcoin remains locked in its Tenkan weekly at $ 27.500. It is the strong nearby resistance in prices that deprives them of a key technical bounce. The $25.000 and $23.800 extensions remain the top two medium-term supports.

Bitcoin Analysis – Short Term

In the near term, Bitcoin is avoiding the worst. The lagging span remains within the daily cloud, maintaining a neutral situation for a few more days.. Prices are currently locked in by the daily Kijun paired with a powerful descending trendline. The $27.000 is the main short-term resistance. While $25.300 is the key support zone.

Ethereum Analysis – Medium Term

Ethereum remains in a complex situation, with medium-term support still holding up, albeit under severe strain. Again, the weekly Tenkan remains the main medium-term resistance.

Ethereum Analysis – Short Term

Unlike Bitcoin, Ethereum sees its lagging span breaking the bottom of the daily cloud. Beware of this short-term sell signal, which is not to be ignored! The break of the key support at $1.700 would open the door for a bearish acceleration towards $1.600.

Dollar Analysis – Medium Term

The dollar is losing strength, even if the medium-term view remains bearish. Prices stumbled to the bottom of the weekly cloud, at 104,800 points. Here again, the weekly Tenkan is the resistance of the moment. And prices have everything to recover from a sharp correction in just two weeks.

Dollar Analysis – Short Term

The short-term remains neutral with prices within the daily cloud. The 101 points are the zone of last resort, before tackling the bottom of the daily cloud as the next short-term support.

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