Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K
Cointelegraph
Published Jun 16, 2022 04:32PM ET
Updated Jun 17, 2022 09:00AM ET
Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an ongoing sell-off in the traditional markets.
Data from Cointelegraph Markets Pro and TradingView shows that after climbing to a high of $23,000 in the early trading hours on June 16, the price of Bitcoin slowly trended down on diminished trading volume to hit a low at $20,765.
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Written By: Cointelegraph
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