Cryptos end the week flat as Bitcoin holds support at $29,400 Bitcoinprice BTC crypto
- The cryptocurrency market ended the week with a whimper as the sideways price action for tokens continued, with Bitcoin holding support near $29,400 while the broader altcoin market traded mixed.
Data provided by TradingView shows that Bitcoin remains trapped in a range between $29,200 and $29,700, with bears and bulls evenly matched in strength, resulting in stagnant price action.The lack of price action was also evident in the futures markets, according to Kitco senior technical analyst Jim Wyckoff, who said, “August Bitcoin futures prices are near steady in early U.S. trading Friday” in his morning Bitcoin update.
The floodgates are open for MUCH higher prices after that + we won't see BTC <30k for a long time imo.👀 pic.twitter.com/weN7E3ohsd
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