Bitcoin’s June Lows in Focus During Renewed Price Decline
A bitcoin logo in the window of the Conexus Crypto currency exchange office in Tbilisi, Georgia, on Monday, July 25, 2022. A buzz is building in crypto-investor circles and on Twitter about Bitcoin’s stealth July rally, which has beleaguered investors starting to ponder whether the largest digital asset has found a bottom. Photographer: Valeria Mongelli/Bloomberg
, Bloomberg
Joanna Ossinger, Bloomberg News
(Bloomberg) -- Bitcoin has retreated along with the wider cryptocurrency space, putting downside levels back into the conversation. The June lows, which sit right at $17,600, could be a key area to watch, according to Fundstrat technical strategist Mark Newton and Nexo co-founder Antoni Trenchev. Bitcoin fell as much as 2.3% on Monday to $19,526.
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