CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-06-23 08:05:00

Bitcoin Nears Six-Week Low as Traders Await Buyer Interest and Market Recovery

Bitcoin neared six-week lows on June 21, as traders cautioned that buyers were still absent. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $63,356 on Bitstamp, indicating another challenging day for Bitcoin’s price. The cryptocurrency has declined 3.7% week-to-date and 5.75% in June overall, struggling to maintain the $64,000 level. Skew, a popular trader, noted that although some buying interest was emerging at lower prices, consistent buying was necessary for a broader recovery. “Potential LTF absorption going on here,” he updated on X. “A lot of shorting by looks of it & spot selling into price around the

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.