Bitcoin Risks Falling Out of Range - Action Forex : vimarsan

Bitcoin Risks Falling Out of Range - Action Forex

In contrast to the positive performance of stock indices, which updated multi-month highs, the first cryptocurrency rolled back below 30k on Monday. Early attempts to raise the price have been unsuccessful, leaving Bitcoin near the lower end of its four-week trading range. A failure of current support at $29.8K opens the door to a deeper correction at $28.6-28.8K, the 50-day moving average and 61.8% of the rally from the late June lows.

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