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Bitcoin price loses its 200-day trendline for first time in 10 months

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Bitcoin price loses its 200-day trendline for first time in 10 months
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Bitcoin price loses its 200-day trendline for first time in 10 months

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Source: Coin Telegraph

Bitcoin drops through $58,000 as analysis highlights ongoing BTC seller interest throughout 2024.

Bitcoin dipped more than 2% on July 4 as a key support line saw its first retest since October 2023.

Data from Cointelegraph Markets Pro and TradingView captured new local lows of $57,885 on Bitstamp after the latest daily close.

A lack of sentiment and steady selling from spot markets created unsavory conditions for Bitcoin bulls.

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Author: William Suberg

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