Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX – Mail Bonus

The cryptocurrency market has been in a strong bear phase in recent months, but JPMorgan Chase analysts expect this to change and they have forecast a significant increase from current levels. Analysts cited the rising share of all stablecoins in the overall cryptocurrency market for their bullish outlook.

Unmoved by the current fall, retailers have been adding Bitcoin (BTC) to their portfolios. The number of wallets containing one Bitcoin increased by 13,091 to a record high of 865,254. Similarly, the number of households with about 0.1 Bitcoin has also witnessed a sharp increase in the last 10 days, according to information from Glassnode.

Daily performance of the cryptocurrency market. Source: Coin 360

Bitcoin’s sharp recovery from the fall of June 18 shows strong buying at lower levels, and according to Whalemap, this has led to the formation of a new “whale level” that could act as short-term support.

Could the recovery in Bitcoin and major altcoins continue in the near future? Let’s look at the charts of the top 10 cryptocurrencies to find out.