Bitcoin (BTC) price has slithered back to its low-volatile, rangebound movement after a sudden spike in volatility on August 18. But this dry spell co
Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 monthsBitcoin price has suffered a fatal setback that knocked it down by 18% between August 9 and August 17. This sudden downtrend tagged the critical support level at $25,000. But buy-the-dip investors seem to have pushed BTC to $26,000 where it currently trades.
A recovery above $26,430 would be an indication that the bullish move is in progress. The targets where traders can book profits include the midpoint of the 18% crash at $27,418 and the recently breached trend line at roughly $29,000.
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