Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Markuri33 on July 03, 2022, 06:26:32 PM
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More entities than ever are underwater at current prices, but there is little consensus over conditions improving yet.Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stuck to $19,000 rigidly for a third day running.
The pair had gone light on volatility overall at the weekend, but at the time of writing was still on track for the first weekly close below its prior halving cycle’s all-time high since December 2020.
The previous weekend’s action had produced a late surge which saved bulls from a close below $20,000.
Momentum remained weak throughout the following week’s Wall Street trading, however, and traders were unconvinced about the potential for a significant relief bounce.
“Looking for a push down to the lower support zone at $18,000 while we are below $19,300. Quick scalp and tight invalidation,” popular Twitter account Crypto Tony wrote in an update to followers on the day.
“I can't really trust this move because it's ‘weekend pa,’” fellow account Ninja continued in part of a further post, adding that “if bulls can't push to $19.7k, I don't think the dump is over.more (https://cointelegraph.com/news/bitcoin-addresses-in-loss-hit-all-time-high-amid-18k-btc-price-target)