Bitcoin trades closer to day’s low

Bitcoin trades closer to day’s low

Sellers remain in control

The price of bitcoin moved lower after China continues to put the pressure on crypto mining. The low reach $31,700. 

Sellers remain in control_

Looking at the hourly chart, the lows did dipped below a lower channel trend line (currently at $32,080), but was not able to extend toward the earlier June low price at $31,025 (from June 8). 

The May 23 low comes in at $31,107. The May 19 low reached $30,066.  All are downside targets going forward.

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