Happy New Month!
Let’s talk about how we're kicking off July.
Bitcoin just wrapped up a brutal June, closing the month down about 20% and currently sitting right at $58,150. BlackRock’s IBIT ETF just led a massive $300M single-day withdrawal, marking 8 straight days of outflows.
The bears are definitely in control of the daily charts right now, and if we break below this $58,200 support zone, the next stop is the mid-$56ks. But remember: historically, when everyone is this terrified, the market loves to build a bottom.
Are you expecting a July relief rally, or do you think the bleed continues? 👇
#Bitcoin #BTC #CryptoNews #CryptoTrading #BinanceWrite2Earn #Crypto
Let’s talk about how we're kicking off July.
Bitcoin just wrapped up a brutal June, closing the month down about 20% and currently sitting right at $58,150. BlackRock’s IBIT ETF just led a massive $300M single-day withdrawal, marking 8 straight days of outflows.
The bears are definitely in control of the daily charts right now, and if we break below this $58,200 support zone, the next stop is the mid-$56ks. But remember: historically, when everyone is this terrified, the market loves to build a bottom.
Are you expecting a July relief rally, or do you think the bleed continues? 👇
#Bitcoin #BTC #CryptoNews #CryptoTrading #BinanceWrite2Earn #Crypto