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BTC Eyes Sub-$30,000 as SEC v Ripple Ruling Creates Uncertainty

From fxempire.com

On Friday, bitcoin (BTC) slid by 3.57%. Reversing a 3.44% gain from Thursday, BTC ended the day at $30,408. Significantly, support at $30,000 limited the downside. Bitcoin (BTC) Price Action This morning, BTC was down 0.03% to $30,400. A mixed start to the day saw BTC rise to an early high of $30,502 before falling to a low of $30,337. Daily Chart The Daily Chart showed BTC/USD fall through the $30,750 – $31,250 resistance band to test support at $30,000 as investors considered the details of the SEC v Ripple Court ruling. However, BTC/USD remained above the 50-day ($29,241) and 200-day ($26,560) EMAs, signaling ... (full story)

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