![]() Similarly, the RSI edged to the lower ranges, highlighting intensified selling pressure. Meanwhile, the OBV has remained eerily stagnant since late March, denoting unchanged and limited trading volumes. Fallon / Getty Images Coinbase stock fell 10 on Monday after the SEC sued Binance for violating securities rules. Get the latest Bitcoin (BTC / GBP) real-time quote, historical performance, charts, and other cryptocurrency information to help you make more informed trading and investment decisions. The next key resistance level after $28.5k is $29.8k. On Monday, BTC fell near 25,400 as investors, already skittish from months of digital asset debacles, abandoned crypto after the SEC said Binance had violated securities law. Nevertheless, bulls can only push forward and hit $28.5k if they clear the trendline resistance roadblock. Below it, likely support levels lay at $23.9k and $22k.īut bulls could regain leverage if BTC reclaims the golden 61.8% Fib level ($26.6k). However, sellers could further dent prevailing bullish sentiment if they clear the hurdle at the 50% Fib level ($25.27k). It has been retested several times but eventually cracked on Monday following the Binance lawsuit. The golden pocket of 61.8% Fib level ($26.6k) has been a crucial support from late March. Since hitting a new high of $31k in mid-April, BTC’s price action has been below a trendline resistance line (white), highlighting the increasing downtrend momentum in Q2. The price for both BTC and ETH are down 45 and 50 respectively over that time frame. ![]() A Fibonacci retracement tool (yellow) was placed between the recent swing high ($31k) and the swing low ($19.5k). BNB, the Binance Smart Chain’s native token, recently dropped 7.6 from Tuesday.
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