Bitcoin holds the line at $30k amid rising geopolitical tensions Bitcoinprice BTC crypto
- The cryptocurrency market started the week with a slight downtrend as the weekend's short-lived coup attempt in Russia reverberated throughout financial markets on Monday but caused little material changes to the overall picture of the global financial system.
Data from TradingView shows that Bitcoin briefly dipped below support at $30,000 in the early hours on Monday, but managed to climb back above $30,200 in the afternoon, with bulls now battling bears for control of the price action at the psychologically important support/resistance level.Despite the weakness, July Bitcoin futures prices traded firmer in early U.S.
He said that he is currently leaning toward a move to the upside which could see BTC climb to $35,000 to $38,000 over the medium term, but more price development is needed before making a recommendation on which way the price will actually move.
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