Based

Biden

Bitcoin

when

Daily

<ul>
 <li>Bitcoin Price has shown further declines in the past seven days.&nbsp;</li>
 <li>The BTC bulls and bears combat has caused a price consolidation at the $60K level.</li>
</ul>
The overall crypto market showed a 1.18% decline in market cap and a 8.19% decline in trading volume in the last 24 hours. Leading cryptocurrency Bitcoin has continued to show downward movements which have been persistent for the last seven days. BTC price has caught market attention as the token shows increased volatility.&nbsp;
Moreover, as the Bitcoin bears and bulls fight for dominance, the price has struggled to surpass the $61K level in the past week. In the last 24 hours, BTC recorded a price decline of 0.96% instigating an increasing selling pressure. Meanwhile, the digital asset’s daily trading volume recorded a 0.33% decrease. At the time of writing, Bitcoin was trading at $61,169 according to CMC data.&nbsp;
Moreover, Bitcoin’s price rallied several times to the $70K level in the past months fueling investors’ expectations for the post-halving <a href="https://thenewscrypto.com/will-bitcoin-bulls-gain-momentum-amidst-market-recovery/" target="_blank" rel="noopener noreferrer nofollow">bullish</a> rally. But, contrary to predictions and expectations, BTC price showed bearish trends following the $70K level hit.&nbsp;
The most recent price dip to the $60K level occurred at the beginning of this week. As the bears took over, prices slid down to a monthly low of $58,601 on June 24. Notably, the token has shown a weekly price decline of 5.30%.&nbsp;
<h3 class="wp-block-heading" id="h-bitcoin-btc-price-monthly-overview">Bitcoin (BTC) Price Monthly Overview</h3>
In the past month, Bitcoin price declined by 9.84% according to TradingView <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>. The token has failed to sustain the bullish run that occurred in March when it hit its new ATH at the $73,750. While BTC price began the month near the $70K level, it encountered bearish trends in the coming days.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdlnLJ1Oj4TpeMocB1JFXGsxHv1IhrtOzl5KR1Rt5QGOVFkx2m9LigEsdyDzZY19ObIbU9Oq-HF6xql9yx9tzSwa6XPIC5l1l5DVsECnlJ_PGLDxJ65U787z4sG8XmNAeFsI3LQA1ZjxCfS-x7YVtmuE7zB?key=p5RTXKu7i_o6WmzZPNoOtg" alt="">
 <figcaption class="wp-element-caption">BTC/USD Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Moreover, the cryptocurrency surpassed resistance levels at $69K and climbed to a monthly high of $71,906 on June 7. However, the latter half of the month witnessed several dips causing the price to slide down and find support at $60,597 this week.&nbsp;
Additionally, Bitcoin’s short-term 9-day MA stands below the long-term 21-day MA indicating the bearish trend. The bearish trend is further highlighted by Bitcoin’s <a href="https://www.tradingview.com/x/DQ4EaCXz/" target="_blank" rel="noopener noreferrer nofollow">HMA</a> moving downwards. While, as aforementioned the token shows an increasing selling pressure with an RSI of 36.09.&nbsp;
Furthermore, BTC whales in the past 24 hours have made several moves in the market. According to Whale Alert reports, one Bitcoin whale dumped 2,929 BTC worth $176 million approximately into the Coinbase exchange. Moreover, this past week witnessed a Bitcoin wallet identified as the German government <a href="https://thenewscrypto.com/is-the-german-government-behind-bitcoins-recent-dip/" target="_blank" rel="noopener noreferrer nofollow">selling</a> large amounts of BTC.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/politifi-tokens-based-on-trump-and-biden-experience-post-debate-decline/" target="_blank" rel="noopener noreferrer nofollow">Politifi Tokens Based on Trump and Biden Experience Post-Debate Decline</a>

Where is Bitcoin (BTC) Price Headed As Bulls and Bears Stage a Combat?

Table of Contents

TheNewsCrypto

Другие статьи, опубликованные 29 июн. 2024 г.

Pudgy Penguin Parent Firm Igloo Acquires Frame

Bitcoin Price Reversal: Key Indicators and What Else to Look For

SEC Binance Lawsuit Gets Court Approval to Proceed

Shiba Inu Price Prediction: Will Shiba Inu Coin CRASH Soon?

Binance Referral Code – Use it to Reduce Fees and Receive Free Bonuses

Popcat Price Prediction: POPCAT Leads Weekly Meme Coin Gains With 134% Surge, But Traders Flock T...

Join our free newsletter for daily crypto updates!