Bitcoin (BTC) decreased considerably last week, approaching the May lows near $30,000.
While a short-term bounce could occur, it seems that both the daily and weekly trends are bearish.
Long-term bitcoin movement
The weekly BTC chart provides a bearish picture. Bitcoin appeared to have begun a bullish movement two weeks ago after creating a bullish hammer candlestick with a long lower wick. The bounce occurred right at the $32,500 long-term horizontal support area (green icon).
However, it…
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