This marks the sixth consecutive weekly decline for the cryptocurrency, and the largest weekly decline since the first week of April.
While on an intra-day basis we are only at a two-month low, on a closing basis if we close anywhere at or below current prices, we have only one day of pricing lower than current market print between now and July 25, 2021.
We are predicting lower prices ahead, with support levels at $33,000, and below that at $29,000.