BTC at Risk of Sub-$27,000 as Investors Consider the Silk Road Offload
Mục lục bài viết
Key Insights:
- BTC had a bearish Monday, falling by 1.34% to the day at $27,795.
- Economic indicators from China and the US weighed on BTC and the broader crypto market.
- However, the technical indicators are bullish, with $30,000 in view.
On Monday, bitcoin (BTC) fell by 1.34%. Following a 0.95% decline on Sunday, BTC ended the day at $27,795. BTC extended the losing streak to three sessions.
After a bearish start to the day, BTC rose to a late morning high of $28,500. Coming up against the First Major Resistance Level (R1) at $28,512, BTC fell to a late low of $27,213. BTC fell through the First Major Support Level (S1) at $27,836 and briefly through the Second Major Support Level (S2) at $27,500 before wrapping up the day at $27,795.
