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Bitcoin price hits $41K, then rejects after sellers defend the 200-MA

Published 06/15/2021, 04:42 PM
Updated 06/16/2021, 04:00 AM
Bitcoin price hits $41K, then rejects after sellers defend the 200-MA
BTC/USDT
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BTC/USD
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The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a sign that the market could be shifting in favor of bulls.

Data from Cointelegraph Markets Pro and TradingView shows that within the last few hours Bitcoin price rallied to $41,330 but the breakout was swiftly met by selling at overhead resistance levels.

BTC/USDT 4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360
VORTECS™ Score (green) vs. ICX price. Source: Cointelegraph Markets Pro

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