Bitcoin loses $29K as traders flag key BTC price levels to watch next

Source: TradingViewBitcoin short-term holder breakeven point in focusData from Cointelegraph Markets Pro and TradingView showed BTC rate trajectory leaning lower at the July regular monthly close.Volatility was already prepared for, and BTC/USD did not disappoint after a week of hardly any movement whatsoever.” Instead of BTC Monthly Closing above the ~$ 29250 level (black) … $BTC printed a Monthly Close partially below the ~$ 29250 level. BTC needs to recover ~$ 29250 as support for the blue course to be valid,” he wrote.

Source: TradingViewBitcoin short-term holder breakeven point in focusData from Cointelegraph Markets Pro and TradingView revealed BTC rate trajectory leaning lower at the July month-to-month close.Volatility was already expected, and BTC/USD did not disappoint after a week of barely any movement whatsoever.” Instead of BTC Monthly Closing above the ~$ 29250 level (black) … $BTC printed a Monthly Close partially listed below the ~$ 29250 level. BTC needs to recover ~$ 29250 as assistance for the blue course to be valid,” he wrote. These are defined by on-chain analytics firm Glassnode as entities hodling BTC for a maximum of 155 days. Secret BTC rate moving typical inches closerContinuing, popular trader Titan of Crypto described $28,300 as the “level to view” for the coming week.Related: BTC price fireworks after regular monthly close?

Daan Crypto Trades on the other hand considered the 200-week moving average (MA)– a traditional bear market assistance level– as a point of interest need to further downside take place. “This location definitely got my interest if cost were to check out there at some point. Keep in mind this might take a while and we could re-visit these at a higher price.