Price Predictions

Bitcoin (BTC) Price Prediction Weekly (JUNE 2022): BTC Price Rebounded Well, Will it Reach INR 20 Lakh this Week?

Bitcoin Price Prediction

Key Takeaways: 

  • The Bitcoin (BTC) price closed the previous day’s trade at INR 16,01,163.74 with a market capitalization of INR 29.79 trillion and a circulating supply of 19 million BTC
  • Bitcoin after heavily plunging below INR 14 lakh is attempting to recover to a large extent and managed to surge nearly 20% 
  • The asset may maintain a similar trend until the end of this week and gain another 15% to reach the immediate resistance above INR 18 Lakh very soon

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

Bitcoin price after bleeding heavily throughout the weekend began the weekly trade finely with strong bullish momentum. The prices rose beyond INR 16 lakh and were able to sustain above these levels for quite a long time. Additionally, the asset is displaying the possibilities of maintaining a significant uptrend that may prevail probably until the end of the week. 

Currently, the BTC price is testing one of the crucial resistance levels and once it clears these levels, then it may stabilize beyond INR 17 lakh quickly. Therefore, by the end of this week, Bitcoin could possibly hover above INR 17.3 lakh while INR 18 Lakh still appears pretty distinct from the current levels.

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

Source: Tradingview

  • Bitcoin & XRP are among the top 10 cryptos within the market and also can be considered as one of the top competitors
  • Both the assets have been deeply impacted with the recent events that led to a huge FUD and long liquidations dragging the BTC price below the previous ATH of 2017. 
  • The Bitcoin & XRP price are currently recovering with the same momentum after plunging from a similar levels
  • The BTC price after falling down from the average levels is hovering around -46% similar to that of XRP price. 
  • As both the asset as heading towards the north, a notable upswing may be expected in the upcoming days

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Uma(UMA) INR 229.11 +26.7%
Helium(HNT) INR 807.90 +36.4%
Skale Network(SKALE) INR 5.09 +7.8%
Kyber Network(KNC) INR 119.67 10.4%

Top Losers

Crypto Price* 7-Day Percentage Change
Flamingo (FLM) INR 9.81  -5.6%
Monero(XMR) INR 9525.99 -7.8%
Tron(TRX) INR 4.62 -0.6%
Gala(GALA) INR 4.98 -0.2%

*Prices are of 21 June 2022 at 12 pm

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

Crypto Price*
Band Protocol (BAND) INR 114.89
Moonbeam (GLMR) INR 70.69
Livepeer (LPT) INR 655.72
Skale Network(SKALE) INR 05.09

*Prices are of 21 June 2022 at 12 pm

Download CoinDCX App, India’s highest valued crypto investment app. 


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

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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