Bitcoin risks new lowa as $20k looms amid dollar euro parity :(
After the Wall Street opening on July 11, Bitcoin (BTC) accelerated toward $20,000 amid new cautions to "prepare for further lows."
The next support zone to hold is $20,300.
Data from TradingView and Cointelegraph Markets Pro showed that BTC/USD was unable to recoup losses that had occurred shortly after the weekly closing at $20,850.
Despite the fact that the pair had locked in its largest week of gains since March, these were still likely to unravel as long as market uncertainty persisted.
A trendline functioning as support since June was the level to watch for on-chain analytical resource Material Indicators.
In a concluding Twitter post, it noted that "BTC went back below the 21 Day Moving Average following the Sunday close" and included a heatmap showing buy and sell demand on the major exchange Binance.
Others naturally concentrated on.
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