Market Analysis of Bitcoin on Tuesday 6 July 2021

2021-07-06 14:35Source:BtcDana

On Tuesday Bitcoin weakened and is currently fluctuating at $33,900. When the Bitcoin price was between $30,000 and $40,000, the market showed that Bitcoin's user continued to increase, and is now "close to historical highs". The current number of Bitcoin Lightning Network nodes is 22,346, an increase of 5.90% in the last 30 days; the number of channels is 53,240. In the last 30 days Bitcoin increased 10%; Bitcoin Whales (investors who own large amounts of bitcoin) accumulated 60,000 BTC in one day, setting a record in 2021. From a technical perspective, Bitcoin's daily candle is under pressure. H4 graph shows that the highs are gradually moving downwards forming a short-term descending triangle, indicators are relatively bearish. Overall, prioritize selling at high prices in the fluctuation zone. The deciding point whether to buy or sell is near 32600.


https://asset.ycxfy.com/upload/file/1625500800000/1625556315812.png

Resistance:34500-35500-36600

Support:33100-32600-31500


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