Bitcoin analysts weigh sub-$17.5K dip after 'weak' BTC price bounce – Cointelegraph

Bitcoin analysts weigh sub-$17.5K dip after 'weak' BTC price bounce – Cointelegraph

Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Analyst: “No way” Bitcoin bottomed at $17,500

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $20,000 on the day.

Wall Street opened with losses, the S&P 500 and Nasdaq Composite Index both down around 1.8% at the time of writing.

Bitcoin nonetheless managed to hold its own…


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