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Bitcoin Price Prediction Weekly (June 2022): BTC Price on the Verge to Drop Hard this Weekend

BTC Price

Key Takeaways: 

Bitcoin Price Analysis:  Will BTC Price Hit INR 18 Lakh This Week of June?

Bitcoin price after the recent price slash from INR 23 lakh levels to INR 16 lakh levels has been consolidating heavily in the lower regions. Bulls and bears both appear pretty firm and possess equal strength which has impacted the volatility of the price heavily. Therefore, the asset is constantly forming a Doji candle for the past couple of days. 

No doubt a breakout may be fast approaching, but it may be a short-lived one. As mirroring the previous breakdown, the BTC price may plunge hard from the bearish flag formed If the bears conquer the rally, the price is feared to drain hard below INR 12 Lakh and in the worst case may even plunge close to INR 10 lakh. However, such a steep drop may occur all of a sudden, but a descending consolidation may be in place.

Check out latest BTC Price, charts, and data.

Bitcoin Price Prediction: BTC Price Trend Comparison with YFI (Last 30 Days)

Source: Tradingview

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Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Yearn.Finance(YFI) INR 5,89,248.18 +50.80%
Axie Infinity (AXS) INR 1,471.68 +29.26%
Livepeer (LPT) INR 835.10 +30.5%
Near Protocol (NEAR) INR 338.35 +20.9%

Top Losers

Crypto Price* 7-Day Percentage Change
Bitcoin Cash (BCH) INR 9,288.68 -5.89%
Zilliqa (ZIL) INR 3.73 +35.02%
BitTorrent (BTTC) INR 0.0000725 +13.6%
Uniswap (UNI) INR 447.23 +36.4%

*Prices are of 25 June 2022 at 1 pm

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
Band Protocol (BAND) INR 125.05
Moonbeam (GLMR) INR 55.81
Livepeer (LPT) INR 836.02
Skale Network(SKALE) INR 4.72

*Prices are of 25 June 2022 at 1 pm

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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