1
Wrapped bitcoin price is currently trading at $29278 while witnessing a loss of -0.35% during the intraday session.
2
WBTC price has slipped below 20 and 50-day EMAs.
3
The year-to-date return of Wrapped Bitcoin is 77.30% while the weekly return is -1.78%.
WBTC price was in an uptrend since the middle of June after the announcement of BlackRock, filing for Bitcoin Spot ETF. The cryptocurrency surged approximately 29% from the support level of $25000.
After the upsurge, the price entered into a consolidation zone ranging between $29800 and $31500. The price struggled to close above $32000 but was not successful in doing so.
Source: WBTC/USDT By TradingView.
Wrapped Bitcoin consolidated for more than one month. Recently, the candle of 23 July closed below the $30000 level which provided a slight confirmation regarding the bearish move. On 24 July, the price finally gained bearish momentum and shattered the support level of $29800.
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We współpracy z: https://www.thecoinrepublic.com/2023/07/30/wrapped-bitcoin-price-prediction-will-wbtc-fall-below-29000/
