Technician's take: Bitcoin is weighed down by resistance at $34,000 and support at $20,000-$25,000.
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The largest cryptocurrency by market capitalization was recently trading just above $30,000, up slightly from Friday but still in the doldrums. Bitcoin has been ticking a little above and below this threshold since early May, depending on the day's events as investors nervously await clear signs about the direction of inflation and the global economy.
"BTC remains weak until it conclusively breaches the $31k to $32k range," Joe DiPasquale, the CEO of crypto fund manager BitBull, wrote to CoinDesk. "However, we continue to see some buying below $30K that is keeping the price afloat."
Ether, the second largest crypto by market cap, was recently...
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