Bitcoin and Ethereum – Weekly Technical Analysis – June 7th, 2021

Bitcoin

Bitcoin, BTC to USD, rose by 0.48% in the week ending 6th June. Following a 2.50% gain from the previous week, Bitcoin ended the week at $35,780.0.

A mixed start to the week saw Bitcoin fall to a Sunday intraweek low $34,160.0 before making a move.

Steering clear of the first major support level at $32,362, Bitcoin rallied to a Thursday intraweek high $39,482.0.

Falling short of the first major resistance level at $39,875 and $40,000 levels, Bitcoin fell back to sub-$35,000…


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