Cryptocurrency News

Bitcoin Price Analysis – $31k Crucial Support Level.

Bitcoin [BTC] is heading for its lowest weekly near in more than a month as selling pressure continues to drive prices towards $30k.

At the reporting time, the cryptocurrency is presently trading at a price of around $31,880.31 USD, a 2.9% decline from the 24-hour top of $32,614.24 USD, CoinMarketCap data reveals.

Should the present candle close at or below this level, that might mark the steepest weekly sell-off since 14th June.

Today’s drop was Bitcoin [BTC]’s biggest in over 10 days, as it fell, once again, alongside the United States equities market.

Bitcoin Price Analysis - $31k Crucial Support Level.

A drop below the $31k daily price may end in a deeper drawdown to $28,600 USD supported 22nd June prior low.

Low volume, as indicated earlier in Thursday’s 4-hour view, is according to a scarcity of trading interest within the short-term.

Traditional equities in Asia were mixed, with most markets reflecting a change of less than 1%.

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