Month: June 2021

So far, the “demand wall” around $30-31K seems to be holding well, whereas any slide to that range gets quickly bought up. This could be a sign that we might be reaching the end of this short-term bearishness, as long as the $30k price level holds.

As a continuation to its nightmare’s week, Bitcoin dropped another 10% from $35,600 opening price and recorded a current low of $31,700. BTC continued its downtrend (into the new weekly session) since reaching a weekly high of above $41.3K on Tuesday, and so far had seen a drop of 24% in just six days. The price action is very bearish.