Market Analysis of Bitcoin on Thursday 8 July 2021

2021-07-08 14:10Source:BtcDana

Bitcoin market activity on Wednesday was low, and the price of Bitcoin declined rapidly in early trading on Thursday, with the current price around $33,300. On July 8, the difference in Bitcoin's current price over the yearly period was 2.7%, which is a decrease of 0. 29% from the previous day. According to the news, the Argentine congressman proposed to allow workers to receive Bitcoin as wages. Financial Times: Singapore has become a safe haven for the crypto industry under global regulatory pressure. From a technical perspective, Bitcoin's daily candle is slightly bullish and continues to operate below the middle BOLL band. The 4 hours chart shows the K-candle has a M pattern, which is a bearish structure and the RSI indicator is relatively bearish. Overall prioritize selling at high prices within the fluctuation zone. The deciding point whether to buy or sell is near 32700


https://asset.ycxfy.com/upload/file/1625673600000/1625728118393.jpeg

Resistance:33900-34500-35100

Support:32700-31700-30000


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