Bitcoin price falls below $37K amid little hope of a definitive weekend bounce
Support at $36,000 may also be temporary, one trader warns, after a major Binance buy wall is obliterated.
Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers.
Buyers no match for BTC bears
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hit new local lows of $36,540 on Bitstamp.
As Cointelegraph reported, BTC traders are at something of a crossroads under current conditions amid a lack of overall market direction. Indicators also present a mixed picture.
The most trusted name in the Canadian Financial Service Industry. With 17 years of experience, Hafez provides a secure and fast channel for all clients. Hafez assists clients in their tuition payments and refunds, individual payments, corporate payments and crypto currency transactions.