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Fed takes on stablecoins: 5 things to watch in Bitcoin this week

Published 07/19/2021, 04:51 AM
Updated 07/19/2021, 06:40 AM
Fed takes on stablecoins: 5 things to watch in Bitcoin this week

Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store?

Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the past week.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC/USD scenario with support and resistance zones. Source: Rekt Capital/ Twitter
Bitcoin difficulty chart. Source: Blockchain
Crypto futures open interest and volume chart. Source: Bybt
BTC/USD shorts 1-day candle chart (Bitfinex). Source: TradingView

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