Bitcoin tumbles below the $30,000 level after SEC news. What next technically?

<p>The <a href="https://www.forexlive.com/news/sec-says-spot-bitcoin-filings-are-inadequate-wsj-20230630/" target="_blank" rel="follow">SEC headlines on bitcoin</a> sent the digital currency sharply to the downside. The price which reached a high of $31,260 moved down to a low of $29,508. In the process, the pair fell below what was a floor between $29,820 and $29,941. That area will now be eyed as close resistance. Stay below keeps the sellers more control.</p><p>On the move to the downside, the price also moved below the 100 and 200-hour moving average is near $30,435. If the price should step back higher, those moving averages will be eyed as resistance.</p>

This article was written by Greg Michalowski at www.forexlive.com.