$BTC Price predictions as of 13/6: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, LINK.
Buyers on dips intervened to absorb this week's decline in Bitcoin and some selected altcoins.
✨✨Key points👇
🔸Bitcoin seeks support near USD 103,000, but growing uncertainty in global markets could limit future gains.
🔸Some altcoins are finding buyers at lower levels, indicating traders' desire to buy on dips.
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Bitcoin BTC 91,691 € corrected below USD 103,000 after news of Israel's airstrikes against Iran, but a positive sign is that lower levels recorded purchases, pushing the price near USD 106,000.
The trading resource Material Indicators stated in a post on X that it is unlikely for Bitcoin to hit a bottom, but it is possible that a sustainable price increase will not occur before the next Federal Reserve meeting.
Another positive opinion comes from a study conducted by Andre Dragosch, research director at ETC Group. This study shows that Bitcoin recovers and often exceeds pre-event price levels within 50 days.
However, John Bollinger, creator of the Bollinger Bands, has a different opinion. In a post on X, Bollinger stated that Bitcoin has completed three rallies to highs after forming a double bottom in the shape of a 'W' near USD 75,000.
During a discussion about the post, Bollinger added that three rallies to highs 'mean the end of the previous trend,' which could be followed by a 'reversal or consolidation.'
Could Bitcoin and some selected altcoins resume their bullish trends? Let's analyze the charts of the top 10 cryptocurrencies to find out.
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