HomeUncategorizedBTC traders brace for $30K loss — 5 things to know in Bitcoin this week By Cointelegraph

BTC traders brace for $30K loss — 5 things to know in Bitcoin this week By Cointelegraph

July 17, 2023

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© Reuters

(BTC) starts a new week above $30,000 but is heading nowhere, with the multimonth trading range refusing to shift.

BTC price action is giving traders little more than a frustrating sense of deja vu as they wonder what it could take to change the trend.

1-week chart. Source: TradingView
BTC/USD annotated chart. Source: Daan Crypto Trades/Twitter
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
1-day chart. Source: TradingView
Bitcoin whale UTXO data. Source: CryptoQuant
Bitcoin value days destroyed multiple chart. Source: Glassnode
Crypto Fear & Greed Index (screenshot). Source: Alternative.me