After a drop in price on June 24, Bitcoin's (BTC) value is now consolidating above the psychological threshold of $60.000.

Bitcoin Price Forecast: Bearish for the Long Term

The long tail of the candlestick on June 24 indicates a significant amount of buying pressure in the lower price range. The biggest cryptocurrency is consolidating within a narrow price range of $60,000 to $63,000. Both bulls and bears compete for control of the price.

If the bears breach the current support level of $60,000 then Bitcoin will drop to a minimum of $56,710. The bearish momentum is expected to extend up to the psychological threshold of $50,000.

Bitcoin's positive trend will continue if buyers maintain the price above moving average lines, and the $66,000 resistance level.

Bitcoin indicator reading

BTC's price has been trapped in a moving average on the 4-hour chart for the past 48 hours. The bears could resume their selling pressure now that they have broken down below the SMA of 21 days. The cryptocurrency will move lower if the bears breach the psychological price level.

Technical indicators

Key Resistance Levels - $70,000 $80,000

Key Support Levels - $50,000 and $40,000.

What is the future direction of BTC/USD?

The chart for the 4-hour period shows that Bitcoin trades in a tight range between $59,000 to $62,000. Bitcoin is trading above the current support of $60,000. Bitcoin will continue to fall if the support level at $60,000 is lost.

Bitcoin's price fell below $64,000 on June 27, causing the largest cryptocurrency, Bitcoin, to reach a low of over $58,555. This was reported by CryptoGuestPosts.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

Solana (SOL), continues to trade above the $128 support, but below the $180 resistance. CryptoGuestPosts provides a price analysis.

Solana Price Long-term Outlook: Bearish

The $180 barrier has stopped the upward trend twice. The cryptocurrency is trading under the moving average but above the $128 resistance. The upward movement begins if buyers maintain the price above moving average lines, or $180 resistance.

Solana's price is currently rising above its current support level of $128. Solana's price could drop if bears breach the $128 support level. Altcoins will crash to their previous lows of $116. Solana was trading at $138 when this article was written.

Solana Price Indicators: Analysis

After the rejection of $180, the cryptocurrency's price bars have fallen below the moving-average lines. Solana is therefore at risk of further decline. The altcoin is now above the $128 support level. The future of cryptocurrency prices is unknown.

Technical indicators

Important Supply Zones: $200, $220 and $240

Important demand zones: $120, $100, $80

What's Solana next move?

Solana's 4-hour chart shows a series lower highs, and lower lows after its rejection at $175. Altcoin dropped to $128 and then rebounded. SOL bounces as it approaches $126. The crypto signal is showing a sideways movement.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.

Since May 28, the price of TRON has traded below its moving averages.

TRON Price Forecast: Bearish

On the 7th of June, the cryptocurrency recovered from its lows and crossed over the moving averages. Price of cryptocurrency fluctuates between moving averages, as it is stuck in a range. TRON currently trades at $0.116.

The altcoin trades above the 21-day SMA but below the SMA 50-day. TRON can reach a high of $0.05 if it is held above the 50-day SMA. If the altcoin loses its support from the SMA of 21 days, it will drop to $0.11 as the previous low.

TRON is caught in the middle of the moving average line.

TRON indicator reading

Price bar is between moving averages, as it is stuck in a range. Altcoins are also trading between $0.114 and $0.119. The altcoin's trend will begin when the moving average line is broken.

Technical indicators

Important Supply Zones: $0.13. $0.14. $0.15

Important demand zones: $0.10, $0.09, $0.08

What's the next step for TRON?

TRON is trapped between moving average lines. Altcoins had previously fallen to a low price of $0.109, before recovering. Moving average lines stopped the rising trend. The cryptocurrency will begin to trend upwards if it breaks out from the moving average lines.

Last week CryptoGuestPosts stated that TRX had returned to its trading range, which indicated a sideways movement. TRX was trading between $0.10 - $0.122.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.