(7/12, Mon) btc fell -2.9% weekly and has been losing uptrend momentum

Yesterday(7/11 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $33500, its lowest as $33306, its highest as $34666, its closing as $34259. Bitcoin started falling after Sunday's start, reaching a low at 04:15, then rising, breaking through the $34,000 at 16:45, and reaching a high at 22:00 before closing a final 2.3% gain.

On a weekly basis, btc fell -2.9%, the dominance rose 1.1% to 46.1, and Ethereum fell -7.9% on a weekly basis.If you look at the weekly chart, you can see that Bitcoin has been moving sideways as trading volume continues to decline, which means that the upside momentum is short, and you should keep in mind the possibility of a drop to $25,000 in case of a large sell volume.

As the news from the cryptocurrency market, Paraguayan Congressman Carlitos Rejala and Senator Fernando Silva Facetti plan to introduce the Bitcoin (BTC) bill into Parliament on Wednesday, July 14, which will help legislators create a coherent digital asset strategy for their country. Emphasize urgency. This is a measure to accept cryptocurrency as a law following the recognition of Bitcoin as a legal tender in El Salvador, and it is expected that it will lead to new measures related to cryptocurrency in other countries in a similar environment.