{"id":269403,"date":"2021-06-08T11:00:00","date_gmt":"2021-06-08T08:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss\/"},"modified":"2021-06-08T11:00:00","modified_gmt":"2021-06-08T08:00:00","slug":"bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss\/","title":{"rendered":"# Bitcoin price due for break below $30K, trader warns, after 9% daily loss"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f8d1f8c99e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f8d1f8c99e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss\/#BTC_price_hints_at_%E2%80%9Csub_30000%E2%80%9D_move\" >BTC price hints at \u201csub $30,000\u201d move<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss\/#Moving_averages_cause_alarm\" >Moving averages cause alarm<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price due for break below $30K, trader warns, after 9% daily loss <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) traded worryingly near $30,000 support on Tuesday amid fresh predictions of incoming lows.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/706f132d-1642-4a93-960e-45efb3cd2fdd.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"BTC_price_hints_at_%E2%80%9Csub_30000%E2%80%9D_move\"><\/span>BTC price hints at \u201csub $30,000\u201d move<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a> followed BTC\/USD as the pair lost 9% overnight on Monday.<\/p>\n<p>No amount of good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> was able to help bulls, with potential adoption breakthroughs in Latin America conspicuously doing nothing to boost lackluster price action. <\/p>\n<p>United States Treasury Secretary Janet Yellen likewise failed to lift the mood when she voiced support for higher inflation.<\/p>\n<p>Instead, Bitcoin dropped to $32,000 at the time of writing, coming off a rebound to $33,000.<\/p>\n<p>For popular trader Crypto Ed, the outlook was uninspiring \u2014 and even included a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> below the $30,000 mark.<\/p>\n<p>\u201cIt did the white ABC I posted before the weekend,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1402155208147443713\/\">told<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers, referring to a forecast price rotation. <\/p>\n<blockquote><p>\u201cNow in green box but I\u2019d expect 1 more leg down today, followed by a bounce to ~35k From there down again, sub 30k, or \u2018up only\u2019 again, but the latter feels more like a miracle tbh.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/c8047625-76de-43f8-8a59-cc96bdc2b344.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Crypto Ed\u2019s BTC price chart with ABC structure. Source: Crypto Ed\/Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Moving_averages_cause_alarm\"><\/span>Moving averages cause alarm<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, traders are already on edge over a potential \u201cdeath cross\u201d involving two key moving averages that could spell further downside. <\/p>\n<p>This could extend beyond the short term, Cane Island Alternative Advisors investment manager Timothy Peterson <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nsquaredcrypto\/status\/1401886562749648900\">noted<\/a>, thanks to BTC\/USD now lingering below its 200-day moving average for almost three weeks. <\/p>\n<p>\u201cThis metric has *always* marked the end of a bull run and the start of a bear market,\u201d he added in comments on Monday.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/32cdce4a-7c55-402c-b33b-f55dc5dfadca.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin price behavior vs. 200-day moving average chart. Source: Timothy Peterson\/Twitter<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price due for break below $30K, trader warns, after 9% daily loss &#8221; Bitcoin (BTC) traded worryingly near $30,000 support on Tuesday amid fresh predictions of incoming lows. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price hints at \u201csub $30,000\u201d move Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvYzQ1NTJlMzItMTkzYS00MmY0LTljYzUtZTY0ZGZjY2YwNTg3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-269403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269403"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269404"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}