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 <ul class="news-points"> 
 <li>BTC’s price dropped more than 3% over the past 24 hours to trade at $30,344.96 at press time.</li> 
 <li>This negative 24-hour performance resulted in BTC dropping below 2 major support levels.</li> 
 <li>Technical indicators suggested that BTC may enter into a short-term bearish cycle in the coming days.</li> 
 </ul> 
 This past week has been good for many cryptocurrencies, including the crypto market leader, <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>. Unfortunately, CoinMarketCap indicated that, at press time, BTC was trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$30,295.31</a> after it saw its price drop by more than 3% over the past 24 hours. 
 Consequently, BTC was trading closer to its daily low of $29,966.39 than its 24-hour high of $31,354.48. In addition, BTC’s daily trading volume fell by more than 27% throughout the past day of trading, which left the total standing at around $18.64 billion at press time. 
 However, despite BTC’s latest price decrease, the crypto’s weekly performance was still in the green at +0.49%. Additionally, BTC performance over the past month was also up by 21.78%. BTC was also able to outperform the altcoin leader <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" target="_blank" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, and was up 0.14% against the crypto. 
 <figure class="wp-block-image size-full"> 
 <img decoding="async" width="1062" height="676" src="https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1.png" alt="" class="wp-image-307687" srcset="https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1.png 1062w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-300x191.png 300w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-275x175.png 275w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-380x242.png 380w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-768x489.png 768w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-616x392.png 616w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-110x70.png 110w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-140x89.png 140w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-225x143.png 225w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-699x445.png 699w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-388x247.png 388w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-377x240.png 377w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-259x165.png 259w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-331x211.png 331w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-291x185.png 291w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-127x81.png 127w, https://coinedition.com/wp-content/uploads/2023/07/Daily-chart-for-BTC-USDT-Source-TradingView-1-118x75.png 118w" sizes="(max-width: 1062px) 100vw, 1062px"> 
 <figcaption class="wp-element-caption">
 Daily chart for BTC/USDT (Source: <a href="https://www.tradingview.com/x/LCKb9JWx/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
 </figure> 
 F… 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-selloff-results-in-the-crypto-losing-2-major-support-levels/">BTC Selloff Results in the Crypto Losing 2 Major Support Levels</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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BTC Selloff Results in the Crypto Losing 2 Major Support Levels

Coin Edition

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