BTC remains under $30,000, as crypto bears maintain market pressure.
The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices./USD is trading at $29,502.71, which is roughly 1% higher than yesterday’s low of $28,786.59.
Wednesday’s movement in bitcoin is ultimately a continuation of yesterday’s move, with prices now consolidating at its current range.This range sees prices hovering at a floor of $28,800, with a resistance level of $30,500, which has not been truly broken since early May. In addition to the price ceiling, relative strength is also tracking at a resistance point of its own, which is under 40.
Until we see a move past this point, then we will likely see a continuation of current price consolidation.moved to a lower low during today’s session, as its own price continues to trade under a key point of $2,000. The world’s second largest cryptocurrency dropped below its support level on Tuesday, hitting an intraday low of $1,920.69 in the process.