Bitcoin Heads for Its Worst Weekly Close in Over a Month
16 Jul, 2021•1 min read•Bitcoin
Bitcoin is heading for its lowest weekly close in more than a month as selling pressure continues to drive prices toward $30,000.
A drop below the $31,000 daily support level may result in a deeper drawdown to $28,600 based on June 22's prior low. Low volume, as indicated in Thursday's four-hour view, is consistent with a lack of trading interest in the short-term. Traditional equities in Asia were mixed, with most markets reflecting a change of less than 1%.