NEW!Incredible offer for our exclusive subscribers! Read More
AltcoinsBTCCryptoETHMiningOtherStock

Bitcoin Heads for Its Worst Weekly Close in Over a Month – CoinDesk

1 Mins read

Bitcoin is heading for its lowest weekly close in more than a month as selling pressure continues to drive the price towards $30,000.

Source: www.coindesk.com

  • At press time, the cryptocurrency is changing hands at $31,680.31, a 2.9% decline from the 24-hour top of $32,614.24, CoinDesk data shows.
  • Should the current candle close at or below this level, that would mark the steepest weekly sell-off since June 14.
  • Thursday’s drop was bitcoin’s biggest in over 10 days as it fell, once again, alongside the U.S. equities market.
Source: TradingView
  • A drop below the $31,000 daily support level may result in a deeper drawdown to $28,600 based on June 22’s prior low.
  • Low volume, as indicated in Thursday’s four-hour view, is consistent with a lack of trading interest in the short-term.
  • Traditional equities in Asia were mixed, with most markets reflecting a change of less than 1%.

Market Wrap: Bitcoin Slides Toward $30K, Looks ‘Fragile’

Related posts
AltcoinsBTCCryptoETHMiningOther

Coins-bit.net protects your money

1 Mins read
Coins-bit.net, it is at the forefront of the cryptocurrency industry By Coins-bit.net analyst For instance, Coins-bit.net it is at the forefront of the cryptocurrency industry…
CryptoMarketsNews

Cointolab deposit x2

1 Mins read
Cointolab deposit x2 for new users. The stock exchange has launched a promotion of 200% deposit on the first deposit for new…
CryptoMarketsNews

Cointolab deposit x2

1 Mins read
Cointolab deposit x2 for new users. The stock exchange has launched a promotion of 200% deposit on the first deposit for new…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *