Once again looking to close below 33100 on 4 hour. Next small support may be around 31650. After that where the daily closes may be the key

Otherwise another test of 29k may be coming

Needs to reclaim 33100 on closing basis

34800 is a magical mark

Closing above 33700 may also force it to test 34800. 15 minutes to go

34800 hit 🎯

Above this level next test is 36500 to 37200

Grayscale Loses $0.5 Billion In Crypto in 24 Hours, While Bitcoin Keeps Declining

Largest cryptocurrency fund Grayscale Investments, a subsidiary of Barry Silbert’s Digital Currency Group, announced that its crypto holdings had shrunk by another half-a-billion US dollars on June 25 compared to $29.5 billion a day earlier.

2 levels to watch out for are 33540 and 32990 for a potential reaction

First level got hit and hopefully may prove to be a good one

CME gap has also been filled now

Second level almost hit

31200 or 32200. 2 very important levels now. Any close below 31200 on 4 hour may send it for another test of 30k and any close above 32200 on 4 hour may initiate another move towards yesterday’s high.

So finally the high of July 21 was tested but still at the time of writing couldn’t trade above that high

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Published by Cointelegraph.com News