Anticipated Bitcoin (BTC) Valuation for June 30th

Anticipated Bitcoin (BTC) Valuation for June 30th

In the world of cryptocurrency, the market remains bullish, but there are some intriguing developments for Bitcoin (BTC) and Cardano (ADA).

At press time, Bitcoin is trading at $107,332, with a 0.76% decrease since yesterday. The longer-term outlook shows the price bouncing off the resistance of $108,833. Interestingly, most of the daily Average True Range (ATR) has been passed, indicating a potential slowdown in volatility.

On the hourly chart, BTC has broken the support of $107,500, but there are low chances of seeing sharp moves by the end of the day. If the weekly candle for BTC closes above the $109,000 mark, there is a chance for a test of the $112,000 resistance for BTC.

Moving on to Cardano, predictions suggest that ADA was trading near $0.56 with an overall sideways to slightly bearish short-term trend around June 29, 2025. According to U.Today's writer Denys Serhiichuk, ADA is consolidating in a channel just before this date, with signs of potential bullish momentum from technical analysis. The coin is currently trading at about $0.557, aligning with the prediction.

The prediction also suggests that ADA is limited by nearby support and resistance levels around $0.55 to $0.59 on June 29. There is a potential for a breakout or a test of support close to $0.5450 to $0.5100. Technical indicators like the MACD are turning bullish, hinting at possible upward momentum ahead.

Gov.Capital's data shows an uptrend for ADA since 2017, forecasting a price increase over the longer term to around $1.14 in a year. However, a short-term dip of approximately -7.83% over 14 days from the date is also expected.

CoinStats reports that some cryptocurrencies have returned to the red zone, suggesting a mixed market performance. A potential correction for Cardano (ADA) might continue to the $107,000 mark tomorrow, according to Denys Serhiichuk.

In summary, while Bitcoin and Cardano are showing some interesting movements, it's essential for traders to pay attention to the previous bar's peak for BTC and the nearby support and resistance levels for ADA. The crypto market remains dynamic, and careful analysis and monitoring are crucial for making informed decisions.

1. Despite the bullish market, Bitcoin's price prediction at press time shows a slight decrease, trading at $107,332, with a potential slowdown in volatility.
2. Interestingly, while Cardano's short-term trend suggests a bearish movement around June 29, 2025, technical indicators, such as the MACD, hint at possible upward momentum ahead.
3. In the realm of finance, investors might want to consider the potential correction for Cardano (ADA) that could reach the $107,000 mark, as predicted by Denys Serhiichuk, and cautiously monitor the nearby support and resistance levels for informed decisions in crypto trading.

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