Bitcoin price nears $30K as estimates reveal $19K support floor

[Sharpmax]

Bitcoin (BTC) edged closer to significant $30,000 support later on June 8 amid predictions that a major crypto correction was imminent.Bulls get in line to protect $30,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making repeated lower lows on short timeframes during Tuesday. A previous dip had taken the pair to $32,000 before a brief rebound then fizzled, with that level subsequently giving way. At the time of writing, Bitcoin was plumbing levels not seen since May's initial $30,000 correction, focusing on $31,500. As Cointelegraph reported, traders have gone on record to call a fresh capitulation event across cryptocurrencies, something which could shave around 20% off the total crypto market cap. Under such circumstances, Bitcoin could trade at $25,000 in the short term. From a technical point of view its difficult not to see $30k being tested and probably break," Filbfilb, co-founder of trading suite Decentrader, told Cointelegraph.Source