Bitcoin moves towards support at $ 33,000 in a steady decline

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Bitcoin is down 1% on the day

Bitcoin is down 1% on the day »/>

Memories of bitcoin’s May fireworks are fading, but the chart continues to show discomfort as it solidifies near the bottom of the yearly range.

In the short term, keep an eye out for $ 33,000. We are at the low of the day at $ 33,150 and on Saturday there were purchases at $ 33,000. A break below could challenge last week’s lows around $ 32,000.

I tend to think we have to get through the summer before volatility increases, but a report today showed that cryptocurrency volumes were falling rapidly.

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