Bitcoin Downtrend Persists; Support at $30K

In tense situations, investors prefer gold and oil than riskier assets like stocks and crypto.


BTC is 43% off its all-time high near $69K, and upside appears limited.

Bitcoin (BTC) sellers were active over the weekend, which contributed to negative momentum. The cryptocurrency appears to be oversold on intraday charts, although a price bounce could be limited toward $40,000 resistance. Lower support is seen around $30,000, which could stabilize the sell-off.

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