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Bitcoin loses $29K as traders flag key BTC price levels to watch next

Published 08/01/2023, 08:41 AM
Updated 08/01/2023, 01:20 PM
© Reuters
BTC/USD
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BTC/USD
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Bitcoin (BTC) shed 2% into the start of August as traders’ expectations of further downside slowly came true.

BTC/USD 1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC’s price trajectory leaning lower at the July monthly close.

BTC/USD annotated chart. Source: Rekt Capital/Twitter
Bitcoin long/short-term cost basis data. Source: James Straten/Twitter
BTC/USD 1-day chart with 200-week MA. Source: TradingView
BTC/USD annotated chart. Source: Daan Crypto Trades/Twitter

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