Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Tamsialu$$ on July 02, 2021, 12:29:46 PM
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A major dip to $20,000 is not expected, one trader says, but lower levels, in general, are still in the cards going into the weekend. Since coming off $64,500 all-time highs, Bitcoin has dipped to a maximum of $28,600, with lower lows and a challenge of the 2017 peak of $20,000 so far absent.
Nonetheless, price action remains rangebound, with analyst Rekt Capital seeing a solid downward trend, which nonetheless contains a clear level to reclaim for a breakout.
“BTC is still maintaining this structure and the blue diagonal will still be the trend line to watch for a breakout when the time comes,” he said in comments on an accompanying chart.more information (https://cointelegraph.com/news/bitcoin-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke)