New data hints why Bitcoin price action has spent two months at $30K

Cointelegraph

Published Jul 15, 2021 04:40AM ET

Updated Jul 15, 2021 06:20AM ET

Bitcoin (BTC) has seen almost two months of rangebound price moves after hitting $30,000 — and new data hints why.

In a series of tweets on July 15, popular Twitter commentator Nunya Bizniz presented multiple arguments supporting the significance of $30,000 for BTC/USD.

BTC/USD chart comparison with Fibonacci extensions. Source: Nunya Bizniz/ Twitter
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

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