Share this article
BTC
$103,588.25
+
0.25%ETH
$2,421.55
-
0.03%USDT
$1.0004
+
0.03%XRP
$2.1164
-
0.24%BNB
$634.92
-
1.14%SOL
$140.76
+
1.60%USDC
$1.0001
+
0.03%TRX
$0.2736
+
0.56%DOGE
$0.1607
-
0.66%ADA
$0.5755
-
0.19%HYPE
$33.16
-
3.29%WBT
$48.98
+
0.05%BCH
$475.92
-
1.73%SUI
$2.6419
-
2.56%LINK
$12.53
-
0.24%LEO
$8.9175
+
0.48%XLM
$0.2417
-
0.74%AVAX
$17.11
-
1.45%TON
$2.9010
-
1.27%SHIB
$0.0₄1117
-
1.14%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.

Главное