Bitcoin price completes leg down to $37.4K as key indicator hits record ‘oversold’ level

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Another slight decline sees Bitcoin at a crossroads as sellers erode a major exchange buy wall.
Bitcoin (BTC) broke through $38,000 support on June 18 but a reversal at solid support already has traders seeking fresh upside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin buy wall sees big testData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $37,200 on Bitstamp before rebounding.As Cointelegraph reported, Thursday saw a significant wall of support appear on major exchange Binance, around half of which still remains with $36,500 as a “line in the sand.””BTC is in the process of retesting the wedge it broke out from a few days ago,” popular trader Rekt Capital explained in his latest update.BTC/USD buy and sell levels on Binance as of June 18. Source: Material Indicators/ TwitterWhile there remains the chance of a deeper dip, continued ranging at levels closer to $40,0

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Źródło: https://cointelegraph.com/news/bitcoin-price-completes-leg-down-to-37-4k-as-key-indicator-hits-record-oversold-level

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