Matthew Hyland Bitcoin markets Bitcoin price Matthew Hyland Bitcoin

Bitcoin addresses in loss hit all-time high amid $18K BTC price target

Reading now: 849
cointelegraph.com

Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800.Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stuck to $19,000 rigidly for a third day running.The pair had gone light on volatility overall at the weekend, but at the time of writing was still on track for the first weekly close below its prior halving cycle’s all-time high since December 2020.The previous weekend’s action had produced a late surge which saved bulls from a close below $20,000.Momentum remained weak throughout the following week’s Wall Street trading, however, and traders were unconvinced about the potential for a significant relief bounce.“Looking for a push down to the lower support zone at $18,000 while we are below $19,300.

Quick scalp and tight invalidation,” popular Twitter account Crypto Tony wrote in an update to followers on the day.“I can't really trust this move because it's ‘weekend pa,’” fellow account Ninja continued in part of a further post, adding that “if bulls can't push to $19.7k, I don't think the dump is over.”Up or down, incoming volatility was being keenly eyed by commentators as the weekly close drew near.

Read more on cointelegraph.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA