Bitcoin (BTC) Price Prediction for June 27
After a powerful rebound from sub-$99,000 levels earlier this week, the Bitcoin price today trades around $107,800, marking a +9% surge over the past 72 hours. The rally has now entered a critical red supply zone between $108,000 and $110,000, where historical rejections have often triggered consolidation phases. Price is pausing just below this resistance, and several indicators hint at an imminent inflection.
What’s Happening With Bitcoin’s Price?
From a multi-timeframe perspective, Bitcoin price action has flipped bullish after a breakout from the descending channel seen on the daily and 4-hour charts. The current rally originated from a liquidity sweep near $98,000, forming a bullish order block and reclaiming the broken structure.
Price is now testing the same region that caused the last rejection near $108,000. The 1D chart shows this area aligning with the upper trendline projection, where BTC reversed in early June. A breakout above this could initiate a broader expansion phase, while rejection would risk a retracement back toward $104,000–$105,000.
The 4…
The post Bitcoin (BTC) Price Prediction for June 27 appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for June 27
After a powerful rebound from sub-$99,000 levels earlier this week, the Bitcoin price today trades around $107,800, marking a +9% surge over the past 72 hours. The rally has now entered a critical red supply zone between $108,000 and $110,000, where historical rejections have often triggered consolidation phases. Price is pausing just below this resistance, and several indicators hint at an imminent inflection.
What’s Happening With Bitcoin’s Price?
From a multi-timeframe perspective, Bitcoin price action has flipped bullish after a breakout from the descending channel seen on the daily and 4-hour charts. The current rally originated from a liquidity sweep near $98,000, forming a bullish order block and reclaiming the broken structure.
Price is now testing the same region that caused the last rejection near $108,000. The 1D chart shows this area aligning with the upper trendline projection, where BTC reversed in early June. A breakout above this could initiate a broader expansion phase, while rejection would risk a retracement back toward $104,000–$105,000.
The 4…
The post Bitcoin (BTC) Price Prediction for June 27 appeared first on Coin Edition.
Read More