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07/06/2024 7:30 am
Bitcoin sees surprise selling into the latest daily close, giving rise to predictions of a support retest before new BTC price all-time highs.
Bitcoin (BTC) stuck rigidly to $71,000 into June 7 as analytics tools began to call for a retest of lower levels.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action bouncing higher after hitting intraday lows of $70,120 on Bitstamp before the daily close.
The latest moves continued a theme throughout the week with trips toward resistance below all-time highs and heavy downside wicks. Another such wick on June 5 took BTC/USD to $69,600 before a rebound set in.
