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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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The Bitcoin price was rejected by the weekly resistance level of $67,147 on Monday and dropped by 2.2%. BTC is currently supported by the 50% retracement level of $64,274 calculated from the lowest level of $56,523 on May 1 to the highest level of $71,995 on May 21. If BTC bounces from $64,274, it could reach the previous resistance level of $67,147 with a 4% increase.
The Relative Strength Index (RSI) and Awesome Oscillator (AO) support this mentioned bounce. The low level formed on June 18th in the 4-hour chart does not reflect the high level of RSI during the same period. This development is called a bullish divergence and usually leads to a reversal of the trend or a short-term rally. If the bulls are aggressive and the overall crypto market outlook is positive, BTC can perform an additional rally of 6% to reach the previous resistance level of $71,280.