#BTC☀
This week, Bitcoin's price outlook looks mixed with some potential for both upside and downside movement. Analysts at AMBCrypto predict that the average price of Bitcoin in mid-June 2024 will hover around $66,487, with a possible range from $61,833 to $71,141 ( AMBCrypto ). This shows short-term stability with slight fluctuations.
However, TradingView's technical analysis shows a potential bearish trend due to the double top pattern and the falling moving average (TradingView). Similarly, DailyFX notes recent price movements are influenced by broader market events, such as the release of CPI data, which can lead to unexpected price swings (DailyFX) .
Overall, while there is some potential for small gains, caution is advised as technical indicators point to downside potential. Monitor market trends and key support/resistance levels to make more accurate trading decisions. #BinanceTournament
