Daily Trade News

Here are levels to watch as Bitcoin fights to avoid $30K July repeat



© Reuters.

(BTC) could well continue falling in the short term now that $40,000 support has disappeared, fresh analysis warns.

In its latest market update on Friday, trading suite Decentrader analyst Filbfilb raised concerns that the day’s $290 million in liquidations was not enough to avert a fresh tumble.

annotated chart showing liquidity in blue (screenshot). Source: Decentrader
BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView