Key Bitcoin Support Levels to Monitor as Price Targets $28K

Bitcoin (BTC) Struggles to Avoid Further Losses as Sideways Trading Risks Breakdown

Bitcoin (BTC) has been facing a challenging week as it struggles to avoid further losses in the midst of an extended period of sideways trading. The cryptocurrency’s price action has been constricted by resistance above $30,000, making it increasingly unstable. The release of the latest Federal Reserve minutes on August 16th has sharpened Bitcoin bears’ game, leading to a decline in buyside interest and pushing BTC/USD to near two-month lows of $28,300.