Bitcoin price dips under $21K while exchanges see record outflow trend
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following stock markets downhill as the last week of June began. At the time of writing, the pair traded below $21,000, having hit its lowest in three days after a broadly stable weekend.
“Bitcoin says NO against $21K support. That’s all fine. We have got levels structured,” Cointelegraph contributor Michaël van de Poppe wrote in a Twitter debate on the day.A further post argued that further lows would come in order to entice traders to open long positions. Support lay at $20,325 and around $20,100, and should neither hold, a dip toward $19,000 could result. Fellow trader and analyst Credible Crypto meanwhile laid down the requirements to be sure that this month’s $17,600 lows would not be challenged.