HomeUncategorizedBitcoin rejects at 21-day trendline — How low can BTC price go? By Cointelegraph

Bitcoin rejects at 21-day trendline — How low can BTC price go? By Cointelegraph

July 21, 2023

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© Reuters.

(BTC) failed to hold above $30,000 after the July 20 Wall Street open, with one analyst forecasting a return to range lows.

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView tracked weak BTC price action after a rejection at the 21-day simple moving average (SMA).

BTC/USD 1-day chart with 21-day SMA. Source: TradingView
BTC/USD annotated chart. Source: Michaël van de Poppe/Twitter
BTC/USD annotated chart. Source: Daan Crypto Trades/Twitter
BTC/USD order book data for Binance. Source: Material Indicators/Twitter
1-day chart. Source: TradingView