Bitcoin Technical Analysis: Price Consolidates Following Bearish Downturn
cryptonews.net
ith a daily trading volume reaching $45.30 billion and a total market value of $1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong recent downturns have left traders wary. Currently, bitcoin has declined by 6% this week in comparison to the U.S. dollar. bearish outl
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- ith a daily trading volume reaching $45.30 billion and a total market value of $1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong
- recent downturns have left traders wary. Currently, bitcoin has declined by 6% this week in comparison to the U.S. dollar.
- bearish outlook in the immediate term.
- moderate volatility within this timeframe suggests some resilience against larger sell-offs,
- support at $64,511 and resistance at $69,464
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