Bitcoin Struggles Below $40K; Upside Appears Limited – CoinDesk – CoinDesk - Currency Frontier

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Monday, June 7, 2021

Bitcoin Struggles Below $40K; Upside Appears Limited – CoinDesk – CoinDesk

Bitcoin (BTC) failed to sustain moves above $39,000 last week, which was followed by a series of lower price highs. There is strong resistance around $37,600 which could limit upside this week.

At press time, the largest cryptocurrency was changing hands around $36,500.

While the long-term uptrend remains intact, slowing momentum and tighter trading ranges are keeping buyers on the sideline.



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