Bitcoin's Battle between Bulls and Bears

2 ก.ค. 2023

#bitcoin Update: Currently Trading at $30,500

Bitcoin ( BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins.

Key Levels to Watch:

- Support Area: $29,800

- Resistance Area: $31,000-$31,200

- Range Bound: $29,800-$31,200

Stay tuned for more updates as Bitcoin's price action unfolds!