{"id":4320,"date":"2021-06-22T17:26:21","date_gmt":"2021-06-22T16:26:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=4320"},"modified":"2021-06-22T17:26:27","modified_gmt":"2021-06-22T16:26:27","slug":"bitcoin-falls-below-30k-hitting-a-six-month-low-keep-an-eye-on-the-following-price-support-levels","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-falls-below-30k-hitting-a-six-month-low-keep-an-eye-on-the-following-price-support-levels\/","title":{"rendered":"Bitcoin Falls Below $30K, Hitting A Six-month Low: Keep An Eye On The Following Price Support Levels"},"content":{"rendered":"\n
As Binance customers report technical difficulties, Bitcoin quickly breaks through the $30,000 support level.<\/h5>\n\n\n\n
\"Bitcoin<\/figure>\n\n\n\n

On Tuesday, Bitcoin <\/a>(BTC) went below $30,000 for the first time, as the largest cryptocurrency <\/a>fell below a significant “line in the sand.”<\/p>\n\n\n\n

Bitcoin's price has risen from its low in May<\/h2>\n\n\n\n

BTC\/USD smashed through $30,000 support, losing 6% in an hour and hitting its lowest levels since late January, according to data from Cointelegraph Markets Pro and TradingView.<\/p>\n\n\n\n

Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has suffered repeated fast bursts of negative volatility in recent days, culminating in Tuesday's $30,000 breach, after plunging from $41,000 a week ago.<\/p>\n\n\n\n

Traders were expecting the breakdown, according to Cointelegraph, and others were already predicting $25,000 or even lower prices.<\/p>\n\n\n\n

Despite extensive claims that the shake-up will actually benefit Bitcoin in the long run, China and the attendant media attention around its mining crackdown seemed to be the primary source of bearishness.<\/p>\n\n\n\n

\u201cHow is more Bitcoin mining power moving to the and the West a bad thing?\u201d David Marcus, head of Facebook\u2019s F2 project, queried on Monday.<\/p>\n\n\n\n

\u201cIMO China cracking down on mining is a great development for BTC.\u201d<\/p><\/blockquote>\n\n\n\n

Above $25,000, support begins to ebb<\/h2>\n\n\n\n

BTC\/USD was trading at $29,000 at the time of writing, with Bitstamp bouncing around $29,600.<\/p>\n\n\n\n

As the market movement unfolded, Binance, the largest cryptocurrency exchange by volume, apparently started having technical issues.<\/p>\n\n\n\n

The newest representation from monitoring site Material Indicators shows purchasers lining up at $25,000, with events taking out the $30,000 holdings displayed in the Binance orderbook data.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As Binance customers report technical difficulties, Bitcoin quickly breaks through the $30,000 support level. On Tuesday, Bitcoin (BTC) went below $30,000 for the first time, as the largest cryptocurrency fell below a significant “line in the sand.” Bitcoin’s price has risen from its low in May BTC\/USD smashed through $30,000 support, losing 6% in an […]<\/p>\n","protected":false},"author":13,"featured_media":4321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152],"class_list":["post-4320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/06\/Bitcoin-falls-below-30K-hitting-a-six-month-low-Keep-an-eye-on-the-following-price-support-levels..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=4320"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/4321"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=4320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=4320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=4320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}