Bitcoin Struggles Below $30K; Next Support at $27K
- Date: 22-Jul-2021
- Source: Yahoo News
- Sector:Technology
- Country:Middle East
Bitcoin Struggles Below $30K; Next Support at $27K
Bitcoin (BTC) sellers were active during Asia hours as the world’s largest cryptocurrency dipped below $30,000 for the first time in four weeks. The next level of support is seen at $27,000, which is a 60% retracement of the March 2020 low.
Intraday charts appear oversold, which could stabilize some selling pressure. However, upside appears limited below $34,000 given strong overhead resistance.
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