Bitcoin Hammer Gives Hope to Bulls

Share Article
In Brief
  • The Bitcoin price has created a bullish hammer on the daily time-frame.

  • It has reclaimed the 50-day MA and it is following a short-term ascending support line.

  • There is long-term resistance and support at $9,900 and $9,300, respectively.

  • promo

    Level Up with Bybit – Trade $100 and Win 1 BTC Trade now!

The Trust Project is an international consortium of news organizations building standards of transparency.
The Bitcoin price began the day of June 15 by decreasing considerably, reaching a low of $8,910. However, the lower prices could not be sustained and BTC increased to reach a close of $9,247, creating a bullish hammer in the process. On June 15, the Bitcoin price initially decreased considerably, creating a long lower-wick and decreasing below the 50-day moving average (MA) with a low of

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Share Article

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Don’t get FUD! Win 1 ETH when you deposit $100 with Bybit!      


FOMO no more. Win 1 BTC when you trade $100 on Bybit!      


Bybit New Token Listing: Win In-Game NFTs and SIDUS Tokens.      

Win Now!