There is growing risk of additional breakdowns in price because of negative momentum readings based on weekly and monthly price data. If a volatile down move occurs, initial support is seen at $25,000, which is around the May 9 price low. There is additional support at the 200-week moving average, currently at $22,061, which could stabilize price action.
Bitcoin (BTC) Price Wavers Around $63K Awaiting Hong Kong Spot Crypto ETF Debut
BTC drifted lower during the day from $64,000 over the weekend, slipping briefly to $61,800 before recovering to just near...