Market Analysis of Bitcoin on Friday 9 July 2021

2021-07-09 14:25Source:BtcDana

On Thursday, Bitcoin fell under pressure, reaching a lowest point of $32,075. On July 9, the current Bitcoin price spread over the yearly period was 2.21%, down 0.49% from the previous day. BTC is expected to reduce mining difficulty by 27.31% to 10.44 T in 9 days and 19 hours. Global Bitcoin ATM installations hit 23,055 Encryption Currency exchange network traffic fell 42.2% in June, the second largest since January. From a technical perspective, Bitcoin's daily candle form of a triangle pattern, bitcoin form a bearish candle with broke through 33,500 support point. The 4 hours chart shows formation of ladder bottom, the indicator is relatively bearish. Overall prioritize selling at high prices in the fluctuation zone. The deciding point whether to buy or sell is near 32700


https://asset.ycxfy.com/upload/file/1625760000000/1625815122170.pngResistance:33500-34000-35100

Support:32000-31200-30000


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