Down -9.6% on the day
The price of bitcoin is trading to a new session low of $31100.00. That’s the lowest level since since May 23 when the price reached 31107.46. Other swing low targets come in at $30066 and $28800. The 61.8% retracement of the move up from the September 2021 swing low comes in at 30861.87
The high price for bitcoin reached up near $65,000 back on April 14. The low from May at $30,066 was a 53.67% decline from the high. That’s a big haircut.