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Bitcoin heads for dismal weekly close as BTC price rejects at $20K

Bitcoin heads for dismal weekly close as BTC price rejects at $20K

Cryptocurrency Bitcoin (BTC) attempted to reclaim $20,000 as support on June 19 as bulls faced a $7,000 weekly red candle. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Cryptocurrency $16,000 eyed for possible next move Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising from lows of $17,592 on Bitstamp before being firmly rejected at $20,000. Low-liquidity trading conditions had made for a grim weekend for hodlers as the largest cryptocurrency fell to levels not seen since November 2020. While recovering some losses, a sense of deja vu pervaded the market on the day. $20,000 had returned as resistance, this having […]