Bitcoin eyes best weekly gains in 3 months as BTC price slips below $21K
— Source, Slips, Risk, Bitcoin, Cointelegraph, Reserve, Week, Chart, Eyes, Months — 1 min read
Bitcoin (BTC) hit three-day lows into the July 10 weekly close as $21,000 gave way as short-term support. BTC/USD circled $20,850 at the time of writing, around $1,600 below the week’s peak at the 200-week moving average. The U.S. dollar Index (DXY) ended the week back on support after spiking to fresh highs not seen in twenty years. The Reserve Risk indicator, which shows long-term holder sentiment, hit its lowest-ever levels at July's prices. The indicator has been rediscovering its green "buy" zone since March, this corresponding to optimal chances to invest with "outsized returns" as a result. Source