The rate of the main digital asset has slightly decreased over the last 24 hours. As we have mentioned above, the possible reason of it is the refusal of Bitcoin ETF.
The coin has been trading sideways for the last days, which might mean the possibility of the near correction, taking into account the historical snapshots.
On the hourly chart, Bitcoin is located between the support zone at $7,500 and resistance one at $8,300. The trading volumes has declined sharply over the last days, which is backed by the decreasing of BTC’s domination rate.
In this regard, the nearest scenario is touching the $7,575 mark.
The coin has been trading sideways for the last days, which might mean the possibility of the near correction, taking into account the historical snapshots.
On the hourly chart, Bitcoin is located between the support zone at $7,500 and resistance one at $8,300. The trading volumes has declined sharply over the last days, which is backed by the decreasing of BTC’s domination rate.
In this regard, the nearest scenario is touching the $7,575 mark.
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