• The Bitcoin price decreased considerably on July 2.
  • Technical indicators are bearish, especially in the short-term.
  • Bitcoin has lost the support of its 50-day MA.
Bitcoin (BTC) decreased considerably on July 2, dropping from a high of $9,255 to $8,940 in a span of fewer than three hours. The decrease also created a bearish engulfing candlestick on the daily time-frame, causing the price to drop below an important moving average (MA). Bitcoin Limbos Lower The Bitcoin price had been increasing since it broke out from a descending resistance line
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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