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​Bitcoin is trading in a tight range during Tuesday trading

2019-07-30 12:45 pm | Resource: News | No Views : 22

​Bitcoin is trading in a tight range during Tuesday  trading Bitcoin and bundled bundles once again recorded volatile trades that increased the uncertainty of the Cryptocurrency markets just over a week ago when BTC moved sharply towards $ 11,000 but failed to maintain this movement.

 Bitcoin continued trading at about $ 9,500 on July 30, as analysts pointed out that the end of the month may offer a new upward movement.

Data from Coin360 revealed a slight change in Bitcoin's behavior on Tuesday after the Cryptocurrency unexpectedly lost $ 800 over the weekend.

Traders begin to watch the market as soon as Bitcoin starts to color red, but this is actually a natural component expected within the market cycle. For now, the BTC index has fallen just over 30 percent from the 2019 high, but may fall further. In fact, the BTC has seen bigger corrections of up to 40 per cent, so there may be other impending losses.

There has been very little movement in Bitcoin prices over the last 24 hours. Where the price ranged between 9600 dollars and 9430 dollars in a very narrow channel with a small signal of a breakthrough in either direction. However, trading volume has now fallen to $ 13 billion. A decrease in this volume may result in a return of Bitcoin prices to the low price range of $ 8,000.

Bitcoin faces a volatile trading session between a tight range

At the time of writing, Bitcoin is trading nominally at its current price of $ 9,560, slightly above its daily low of $ 9,200, slightly below its daily high of $ 9700.

Within one week, the BTC found itself in a wide range ranging from $ 9,200 to $ 10,400, representing multiple types of "conflict" during this time period. Most importantly, Bitcoin seems to have found strong support at around $ 9,200.

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