Cryptocurrencies, including Bitcoin, experience a crash as altcoins show weakness, signaling a possible trend reversal
From Cointelegraph
June 20, 2025 2:15 PM:
Bitcoin is stuck in a range, with traders divided on its next move. Altcoins show weakness, hinting at a possible trend reversal. Social media sentiment on Bitcoin is bearish, despite strong institutional investor confidence. Support and resistance levels for Bitcoin and top altcoins are crucial for market direction.
Bitcoin’s volatility increased, but its price remains trapped in a range. Retail sentiment is bearish, a promising sign according to Santiment. Institutional investor confidence remains high, with record inflows into US-based Bitcoin exchange-traded funds. The market is closely watching support and resistance levels for Bitcoin and altcoins.
Ether is squeezed between key moving averages, indicating uncertainty. Buyers and sellers are in a standoff, with no clear advantage. A break above the 20-day EMA could push the price higher, while a drop below the 50-day SMA may lead to a significant decline. Support levels are crucial for Ether’s future movement.
XRP struggles to break above key moving averages, with bears holding their ground. A break below the $2 level could lead to a significant drop, while a rebound could keep the pair range-bound. Support at $2 is critical for XRP to avoid further downside.
BNB is poised for a breakout between key moving averages and support levels. A move above the 20-day EMA could signal a range-bound action, while a drop below support may favor the bears. Resistance at $693 is crucial for a bullish trend reversal.
Solana faces pressure near support levels, with buyers struggling to push higher. A breakdown could lead to a significant drop, while a rebound may signal a range-bound action. Support at $140 is vital for Solana’s short-term outlook.
Dogecoin holds above support but lacks strong buying momentum. A breakdown below key levels could lead to further downside, while a bounce may keep the pair range-bound. Support at $0.14 is crucial for Dogecoin’s near-term direction.
Cardano battles near key support levels, with bears having the edge. A break above the 20-day EMA could signal buying strength, while a drop below $0.60 may lead to further downside. Support at $0.50 is critical for Cardano’s stability.
Hyperliquid faces profit-taking pressure, with buyers defending key support levels. A break above the 20-day EMA could signal a relief rally, while a drop below support may lead to a deeper correction. Buyers need to maintain control to push the price higher.
Bitcoin Cash eyes resistance at $500, with buyers looking to break higher. A sustained move above resistance could lead to further gains, while a drop below key moving averages may favor sellers. Support at $414 is crucial for Bitcoin Cash’s bullish momentum.
Sui struggles below support levels, with sellers maintaining pressure. A break above the 20-day EMA could signal a rebound, while a drop below key levels may lead to further downside. Support at $2.86 is critical for Sui’s near-term stability.
Read more at Cointelegraph: Bitcoin And Altcoins Crash But Dip Buyers Could Step In