Bitcoin Unable to Hold $30K, Altcoins Mixed

Bitcoin Unable to Hold $30K, Altcoins Mixed

For now, bitcoin is stuck in a tight trading range and is at risk of a breakdown. “From a trading standpoint, [a] breach higher may offer an opportunity to fade, targeting a break to fresh yearly lows,” Michael Boutros, an analyst at DailyFX wrote in an email to CoinDesk. If a breakdown occurs, Boutros has a downside target of $19,666 for BTC.

Originally Posted on: https://www.coindesk.com/markets/2022/05/23/market-wrap-bitcoin-unable-to-hold-30k-altcoins-mixed/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes, Krisztian Sandor

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