Market review, June 25, 2020

2020-25-06 09:53:30

A study by The Tokenist showed that since 2017, the public has noticeably changed their attitude towards cryptocurrencies. It is especially noticeable against the backdrop of increased unemployment in the United States. Researchers note that now in the US, there are more than 20 million unemployed, and the attitude towards bitcoin has changed:

“The survey results are amazing. We found that people know more about Bitcoin and are more confident in it. In this case, we are talking about respondents of all age groups. Especially among millennials, 45% of whom today would prefer to invest in bitcoin rather than in stocks, real estate, or gold.”

According to The Tokenist survey, 47% of respondents trust Bitcoin more than large banks. In 2017, more than 80% of respondents trusted banks. Also, 43% of respondents (and 59% of millennials) believe that most people will use bitcoin for a decade. 44% of millennials said they would buy bitcoins over the next five years.

Market review, June 25, 2020

“The data shows that Bitcoin has a bright future. It will benefit even more from the current financial crisis. Confidence in traditional investment instruments is declining, and Bitcoin is offering investors an alternative, a long-term means of storing wealth,” the researchers note.

Technical analysis of Bitcoin (BTC):

Market review, June 25, 2020

Over the past day, the price of bitcoin dropped to the support level of $9,000. Now, it is $9,250. The nearest resistance levels are $9,300, $9,400, $9,500, $9,600, $9,850, $10,000, $10,250, $10,500, $11,100, $12,230. The nearest support levels are $9,200, $9,000, $8,600, $8,150, $7,900, $7,600, $7,500.

Technical analysis of Ethereum (ETH):

Market review, June 25, 2020

Over the past day, the price of ethereum rose to the resistance level of $227. Now, it is $235. The nearest resistance levels are $240, $250, $257, $260, $270. The nearest support levels are $238, $235, $229, $225, $220, $218, $216, $212.

Technical analysis of Ripple (XRP):

Market review, June 25, 2020

Over the past day, the price of ripple fell to the support level of $0.1780. Now, it is $0.1840. The nearest resistance levels are $0.19, $0.1950, $0.2, $0.2020, $0.2060, $0.21, $0.2150, $0.22, $0.23, $0.2350. The nearest support levels are $0.1820, $0.18.

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
Something went wrong
Message: