The crypto market continues to decline. BTC has been devaluing its lows recently, speculation that it will fall below $30,000 in the weekend.
Currently, BTC is moving at the lower limit of the descending wedge line. It is a dangerous market that can be plunged at any time.
If it breaks below $31,000, it is expected to go down $30,000 at once. Also, even if there is a short-term backlash, $32,800 is heavy and may be difficult to get out of.
Ahead of GBTC mass unlock on July 18, the risk-off mood is likely to continue.
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