Bitcoin clings to $26k as the broader crypto market shows weakness Bitcoinprice BTC crypto
- The cryptocurrency market started the week off with a whimper as the lasting effects of last week’s enforcement actions by the U.S. Securities and Exchange Commission combined with a busy week of economic data and interest rate announcements kept trading activity subdued.
Data provided by TradingView shows that Bitcoin traded between a high of $26,275 and a low of $25,760 on the day and is holding near support at $26,000 at the time of writing.“July Bitcoin futures prices traded lower in early U.S. trading hours Monday,” according to Kitco senior technical analyst Jim Wyckoff.“The bears do have the slight overall near-term technical advantage as a gentle price downtrend is in place on the daily bar chart,” Wyckoff said.
Since the mid-April rally to ~$31000, #BTC has been in a consistent downtrend$BTC has been forming new Lower Highs every 2-3 weeks or so
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin June 12 daily chart alert - Price downtrend remains in place
Read more »
Bitcoin: Of regulatory pressure and exchange feesIncreased transactions sent Bitcoin fees in the upward direction. However, the broader market remained skeptical.
Read more »
Bitcoin’s long-term prospects look…A CryptoQuant analyst suggested that Bitcoin has a positive future due to various factors. However, selling pressure on miners could pose a threat to BTC's future.
Read more »
Bitcoin: HODLers unperturbed despite market volatilityFrom an on-chain perspective, Bitcoin holders are unfazed by the market shake-up. Will they be resilient till respite?
Read more »
Bitcoin: Will bearish sentiment let up next week?The market structure of Bitcoin was bearishly biased on the 4-hour chart, and the $27.4k level represented a recent lower high.
Read more »
Bitcoin above $26,000 – Here’s what the odds areBTC whales are collectively adding more than 1,000 BTC back to their wallets. A few metrics remain bullish, while the rest suggested otherwise.
Read more »