{"id":289327,"date":"2021-07-02T12:00:43","date_gmt":"2021-07-02T09:00:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke\/"},"modified":"2021-07-02T12:00:43","modified_gmt":"2021-07-02T09:00:43","slug":"bitcoin-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke\/","title":{"rendered":"# Bitcoin bounces at key range amid hope BTC price will avoid &#8216;big nuke&#8217;"},"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-6a3a1b45cd16e\" 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-6a3a1b45cd16e\" 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-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke\/#Bitcoin_%E2%80%9CLeg_down%E2%80%9D_vs_%E2%80%9Cbig_nuke%E2%80%9D\" >Bitcoin: &#8220;Leg down&#8221; vs. &#8220;big nuke&#8221;<\/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-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke\/#Altcoins_trend_downwards\" >Altcoins trend downwards<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin bounces at key range amid hope BTC price will avoid &#8216;big nuke&#8217; <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) retained a key support area on July 2 as bidders stepped in to avert another test of $30,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/5aa57d13-b048-4838-8128-615ded15ff0f.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=\"Bitcoin_%E2%80%9CLeg_down%E2%80%9D_vs_%E2%80%9Cbig_nuke%E2%80%9D\"><\/span>Bitcoin: &#8220;Leg down&#8221; vs. &#8220;big nuke&#8221;<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>\u00a0showed BTC\/USD bottomed out at local lows of $32,700 overnight.<\/p>\n<p>A subsequent rebound took the pair almost $1,000 higher before settling at around $33,300 at the time of writing.<\/p>\n<p>As Cointelegraph reported on Thursday, this is above $700 zone which at least one trading source\u00a0 identified as highly significant for bulls to keep intact.<\/p>\n<p>Going into the weekend, the mood is thus not as gloomy as it once was, this being tempered by expectations that a &#8220;leg down&#8221; could \u2014 or even should \u2014 still occur.<\/p>\n<p>Popular trader Crypto Ed eyed a potential <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> to a local bottom in Bitcoin&#8217;s relative strength index (RSI), which would in turn produce an oversold price dip followed by a correction.<\/p>\n<p>&#8220;When following RSI pattern\/trend and that wave pattern, BTC could do 1 more leg down,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1410874279990894594\">considered<\/a>. <\/p>\n<blockquote><p>&#8220;I&#8217;m not expecting a big nuke&#8230;. &#8216;big nuke&#8217; as in a move to 20k or lower.&#8221;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1410874279990894594\/photo\/1\"><\/a><\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/ef95cf8e-f3f4-48ae-bb77-e4cf39cbe133.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 4-hour and RSI scenario chart. Source: Crypto Ed\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>Since coming off $64,500 all-time highs, Bitcoin has dipped to a maximum of $28,600, with lower lows and a challenge of the 2017 peak of $20,000 so far absent.<\/p>\n<p>Nonetheless, price action remains rangebound, with analyst Rekt Capital seeing a solid downward trend which nonetheless contains a clear level to reclaim for a breakout.<\/p>\n<p>&#8220;BTC\u00a0is still maintaining this structure and the blue diagonal will still be the trend line to watch for a breakout when the time comes,&#8221; he said in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1410569207205482499\">comments<\/a> on an accompanying chart.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Altcoins_trend_downwards\"><\/span>Altcoins trend downwards<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Altcoins meanwhile slipped from prior strength, with losses broadly beating Bitcoin&#8217;s slight downturn to hit 5% or more.<\/p>\n<p>Ether (ETH), the largest altcoin by market cap, traded at $2,060 on the day, down 3% \u2014 a story matched by various other major cryptocurrencies.<\/p>\n<p>Ethereum Classic (ETC) came off its publicity boost highs from earlier in the week, while publicity from Elon Musk likewise failed to deliver sustained gains to Dogecoin (DOGE), which was down 4% at the time of writing.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin bounces at key range amid hope BTC price will avoid &#8216;big nuke&#8217; &#8221; Bitcoin (BTC) retained a key support area on July 2 as bidders stepped in to avert another test of $30,000. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: &#8220;Leg down&#8221; vs. &#8220;big nuke&#8221; Data from Cointelegraph Markets Pro and TradingView\u00a0showed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":289328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMWQwMzNiY2YtZjQyMy00ODUwLTg2NjItNmM0ZTg5ZTc1ZjIxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,73785],"class_list":["post-289327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/289327","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=289327"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/289327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/289328"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=289327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=289327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=289327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}