BTC price recovers to 3-day highs as new whale support forms at $19.2K

BTC price recovers to 3-day highs as new whale support forms at $19.2K


Bitcoin (BTC) held steady at the June 20 Wall Street open as nervous traders waited for a short-term trend decision.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader flags Bitcoin “macro bottoming period”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to just shy of $21,000 at the time of writing, a three-day high.

Trending: Why is Amazon Quietly Buying Land Across the United States?

The weekend had spooked the majority of the market and liquidated speculators with a trip to $17,600, marking Bitcoin’s lowest levels since November 2020.

Now, with United States equities cool at the start of the week, comparative calm characterized the largest cryptocurrency.

“Nice reaction off of the bottom of our 16K–20K demand zone,” popular trading account Credible Crypto commented on the weekend’s price action.

“12 hours of bleeding erased in 2. No confirmation this

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend