Bitcoin slides to support at $22,700 as all eyes turn toward the Fed Bitcoin BTC Bitcoinprice
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Data from TradingView shows that Bitcoin started to come under pressure late on Sunday as bears overwhelmed bulls at the $23,700 support level and managed to drop BTC to a daily low of $22,581 on Monday before bullish reinforcements arrived in an attempt to halt the decline.The weakness seen in BTC on Monday was the result of “some mild profit-taking and a downside correction after the market hit a five-month high in overnight action,” according to Kitco senior technical analyst Jim Wyckoff.
A $BTC Monthly Close above ~$23400 would be bullish#Crypto #Bitcoin https://t.co/9M84m6W7kk pic.twitter.com/8q3l55VwrH
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