CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-06-12 02:31:23

Bitcoin Dips Below $68,000 as Analysts Predict Further Losses Amid Market Volatility

Bitcoin traded below $68,000 during the June 11 Asia trading session, with analysis predicting further BTC price declines. Data from Cointelegraph Markets Pro and TradingView showed a 3% drop, bringing Bitcoin to lows of $67,320 on Bitstamp after the daily close. Failing to maintain support at the crucial $69,000 level, Bitcoin bulls couldn’t prevent a downward slide due to thin exchange order book liquidity. The previous day, Keith Alan, co-founder of trading resource Material Indicators, cautioned that insufficient bids might signal weak BTC price strength. “Sure we have some laddered bid support in here, but not a heavy, heavy concentration

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.