Bitcoin price dives under $30,000 for the first in July, sending the entire market on a tailspin.
Ripple price goes back to the drawing board, testing lower levels at $0.52.
The cryptocurrency market is in red on Tuesday as traders usher in the European session. The Asian session was dominated by sellers, who seem to be on a mission to explore the rabbit holes. As discussed, Ethereum is back to trade slightly above $1,700 amid a push by the bears for losses to $1,600.
Bitcoin:-
Bitcoin extended the bearish leg after losing support at $31,000. Massive sell orders were triggered, with $30,000 doing little to stop the losses.
At the time of writing, the flagship cryptocurrency is trading at $29,500, while bulls are working hard to ensure that declines do not stretch to say $28,000, a move that may wreak havoc as investors panicking shoots to higher levels.
All technical indicators show that Bitcoin’s least resistance path is downward. For instance, the Moving Average Convergence Diver
Źródło: https://coingape.com/bitcoin-ripple-price-analysis-july-19-2021/
