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Bitcoin Struggles Below $30K; Next Support at $27K

Bitcoin (BTC) sellers had been energetic throughout Asia hours because the world’s largest cryptocurrency dipped under $30,000 for the primary time in 4 weeks. The subsequent degree of help is seen at $27,000, which is a 60% retracement of the March 2020 low.

Intraday charts seem oversold, which may stabilize some promoting stress. Nonetheless, upside seems restricted under $34,000 given robust overhead resistance.  

Bitcoin was buying and selling round $29,600 at press time and is down 5% over the previous 24 hours.

Source: CoinDesk


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