Gate.io’s Daily Market Trends （June 25th）: In September, Bitcoin will Officially become Legal Tender El Salvador, Positive News Stabilizes the Market

Announcements Gate.io’s Daily Market Trends （June 25th）: In September, Bitcoin will Officially become Legal Tender El Salvador, Positive News Stabilizes the Market

2021-06-25 07:45:20 UTC 55979 Read

As of 12:30 GMT, Bitcoin‘s spot price was $34694.51 and Ether’s price was $1975.44. On the daily timeframe, Bitcoin‘s spot price broke out from the five-day moving average, which means it’s no longer in a downtrend. On the one-hour timeframe, Bitcoin’s price soared in the early morning on the 25th. After touching the 35300 resistance point, it entered retracement mode, with a very little price movement, in a typical sideways fashion. Bitcoin price today is likely to drift between $33,700 and $35,300. Given that all three KDJ lines are showing a downward trend, Bitcoin price could see a decline in the late afternoon.

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