Cryptocurrency market on June 21: BTC slightly drops below the 103,000 USD threshold
The downward trend of Bitcoin
On June 21, the cryptocurrency market recorded the downward adjustment of Bitcoin (BTC). According to data from the OKX exchange, BTC price hit a new low, dropping to 102,989.80 USD/coin. From the nearly 104,000 USD peak the day before, the largest cryptocurrency has lost 1.18% of its value in one day. Recent selling pressure has led to this decline, reflecting the cautious sentiment of traders before the fluctuations of the global market.
Impact of price fluctuations in the cryptocurrency market
The slight adjustment of BTC has directly affected investor sentiment, creating a short-term correction trend after a series of impressive growths recently. Other altcoins also followed the downward trend, clearly indicating that the cryptocurrency market is in a period of technical adjustment. Experts predict that this volatility may not stop, especially when macroeconomic factors and global monetary policies still have many uncertain variables.
Technical analysis and trend prediction
Looking at the technical chart, BTC is falling into a crucial support zone around the 102,900 USD threshold. Losing this level could force the largest cryptocurrency to adjust even deeper or temporarily stabilize in a narrow range. Analysts recommend that investors closely monitor support and resistance levels while preparing psychologically to face the upcoming fluctuations in this risky cryptocurrency market.
Source: https://tintucbitcoin.com/bitcoin-rot-duoi-103-000-usd-y-nghia/
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