A Bearish Chart Pattern Has Formed on BTC’s Daily Chart
- The analyst TARA tweeted yesterday that BTC’s price was resting on the $30,130 support level.
- There was a significant increase in sell volume for BTC yesterday afternoon.
- Despite this overwhelming sell volume, BTC continues to trade above $30k at press time.
The crypto analyst TARA (@PrecisionTrade3) tweeted yesterday that the price of Bitcoin (BTC) was resting on a key support level at around $30,130. According to the analyst’s tweet, BTC’s price would be “fine” as long as the identified support level held.
The analyst added that there was very strong sell volume pushing BTC’s price down at the time of the tweet. At press time, it seems that the $30,130 support level was able to hold over the last 24 hours, as CoinMarketCap shows that BTC’s price is currently trading at $30,455.80. The market leader’s price did, however, drop 0.96% over the last 24 hours.
Not only did BTC print a 24-hour loss, its dominance in the market also decreased slightly. As a result, BTC’s market dominance is estimated to be around 46.23%, which is 0.20% lower than yesterday.
BTC’s price continues to receive s…
The post A Bearish Chart Pattern Has Formed on BTC’s Daily Chart appeared first on Coin Edition.
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A Bearish Chart Pattern Has Formed on BTC’s Daily Chart
- The analyst TARA tweeted yesterday that BTC’s price was resting on the $30,130 support level.
- There was a significant increase in sell volume for BTC yesterday afternoon.
- Despite this overwhelming sell volume, BTC continues to trade above $30k at press time.
The crypto analyst TARA (@PrecisionTrade3) tweeted yesterday that the price of Bitcoin (BTC) was resting on a key support level at around $30,130. According to the analyst’s tweet, BTC’s price would be “fine” as long as the identified support level held.
The analyst added that there was very strong sell volume pushing BTC’s price down at the time of the tweet. At press time, it seems that the $30,130 support level was able to hold over the last 24 hours, as CoinMarketCap shows that BTC’s price is currently trading at $30,455.80. The market leader’s price did, however, drop 0.96% over the last 24 hours.
Not only did BTC print a 24-hour loss, its dominance in the market also decreased slightly. As a result, BTC’s market dominance is estimated to be around 46.23%, which is 0.20% lower than yesterday.
BTC’s price continues to receive s…
The post A Bearish Chart Pattern Has Formed on BTC’s Daily Chart appeared first on Coin Edition.
Read More
Another Mysterious BTC Transfer from the Company Whose 127,000 Bitcoins Seized by the US!