Share this article
BTC
$101,305.14
-
1.49%ETH
$2,250.73
-
1.41%USDT
$1.0008
+
0.02%XRP
$2.0058
-
1.15%BNB
$617.29
-
1.91%SOL
$134.08
+
0.32%USDC
$1.0004
+
0.01%TRX
$0.2672
-
1.88%DOGE
$0.1522
-
2.12%ADA
$0.5414
-
1.41%HYPE
$34.83
+
3.85%WBT
$47.56
-
2.13%BCH
$453.54
-
2.51%SUI
$2.4856
-
1.97%LEO
$8.9996
+
0.80%LINK
$11.83
-
1.03%XLM
$0.2291
-
1.91%AVAX
$16.85
+
0.84%TON
$2.7810
-
1.44%SHIB
$0.0₄1080
+
0.14%Sign Up
- Back to menuCryptocurrencies
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Bitcoin Sell-Off Could Stabilize Around $30K Support
Sellers are in control after bitcoin broke below a series of higher price lows from the June 22 shakeout around $29,000.

Bitcoin (BTC) sellers were active during Asia hours, pushing price below $34,000 support. The cryptocurrency was trading around $32,000 at press time and is down 6% over the past 24 hours. The next level of support is seen around $30,000, which could stabilize the current sell-off.
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The relative strength index (RSI) is oversold on the four-hour chart for the first time in two weeks. Previous oversold readings triggered 15%-20% relief rallies.
- However, sellers are in control after bitcoin broke below a series of higher price lows from the June 22 shakeout around $29,000.
- Buyers will likely wait to return near $30,000 support, which is the bottom of the month-long trading range.
- A relief bounce should be limited around $33,000 resistance as upside momentum slows.
Damanick Dantes
Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.

Top Stories