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Bitcoin is consolidating within a symmetrical triangle pattern on the daily timeframe. Currently, it is trading above the support trendline of the triangle, with the Ichimoku Cloud acting as a strong support, indicating underlying bullish strength.
A decisive breakout above the triangle would confirm a bullish trend continuation, while a breakdown below the support trendline could signal a corrective move in the market.
JUST IN: XRP price declined below $2.150, consolidating losses. Currently trading below $2.20 and the 100-hourly SMA, it may recover if it closes above $2.20. Key support levels are $2.120 and $2.1420; a drop below could extend losses toward $2.050.
JUST IN: XRP surged as Canada's TSX debuted three new ETFs in one day, driving significant institutional demand and transforming the regulated digital asset investment landscape.
JUST IN: The Ontario Securities Commission approved Purpose Investments Inc. to launch a spot XRP ETF on the Toronto Stock Exchange starting June 18. The ETF will offer CAD-hedged, CAD non-hedged, and US dollar XRP products. XRP rose 8% following the announcement.
JUST IN: Prenetics Global Limited announced plans to create a corporate bitcoin treasury, purchasing $20 million worth of bitcoin (187.42 BTC) through Kraken on June 18. This comes amid a 94% decline in stock value since its 2022 IPO.
JUST IN: Ukraine's Verkhovna Rada registered draft law No. 13356 to include virtual assets like Bitcoin in the National Bank's reserves. The bill allows the NBU to acquire assets via market purchases and foreign borrowings, pending committee review.
BTC is currently retesting a major ascending trendline after facing rejection near $108K. This level has held strong since May and could act as crucial support in the coming sessions.
🔍 If BTC holds above the trendline, we might see a bounce toward $106.8K – $109K. But if the trendline breaks, downside pressure could increase with eyes on $102K – $100K zone.
Bitcoin is consolidating within an ascending triangle pattern and is currently trading above both the support trendline and the Ichimoku Cloud, which is acting as support. A solid breakout or breakdown is needed to confirm the next directional move.
Bitcoin has broken through the resistance area, which is a positive sign. The price has now retested this area and bounced back. If this support level holds, we may see a test of the $110,000-$110,500 resistance zone.
The instrument price entered an important demand zone in the 11.5–11.8 region, where a reversal was observed earlier. This is a strong support level (marked as Strong Low), from which an upward reaction is possible.
📉 Bearish scenario: If we fail to hold the current zone and a breakout below 11.3 occurs, the way will open for a deeper correction down to 10.5–11.0.
📈 Bullish scenario: If we see confirmation of demand and a rebound from the current zone, the logical movement is to the first resistance zone in the 13.5–14.5 region. A fix above will give a chance for a breakout up to 15.5+, but a strong seller may be encountered at this level.
INJ is in a potential reversal zone. In the next 1–2 days, it is important to watch the reaction from the current levels —