Bitcoin Drops to $19.7K as Recession Concerns Weigh on Financial Markets, Euro Nears Dollar Parity
— Support, Nears, Today, Level, Rejection, Euro, Recession, Morning, Weekend, Weeks — 1 min read
Price-charts show bitcoin saw rejection at last week’s $21,800 level. It experienced some support at $20,500 over the weekend and dropped to the $19,700 mark in early Asian hours today. A brief bump up to almost $20k was followed a return to the lower level in the European morning. Bitcoin was back to $19k in the early hours of European morning after a brief rise to $21k. Bitcoin is now back in the $18k range of $20K in the mid-afternoon of the European market. It is expected to remain in the region of $15k on Monday. Bitcoin has now dropped to $18,000 in just over two hours of trading on Source