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Monday

21 June 2021

Bitcoin Price Analysis: BTC Remains At Risk of More Losses | Live Bitcoin News

Bitcoin Price Analysis: BTC Remains At Risk of More Losses | Live Bitcoin News


smart summary beta

There was also a break below a major contracting triangle with support near $35,200 on the 4-hours chart of the BTC/USD pair.

The main support is now forming near the $31,000 level.

If there is a downside break below the $31,000 support, the price could resume its decline.

Looking at the chart, bitcoin price is clearly trading below $36,000 and the 55 simple moving average (4-hours).

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