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Bitcoin traders risk-off as BTC price falls to $62K
Bitcoin dropped by $2,300 one hour after the Wall Street opening on Aug. 2, reaching $62,368 on Coinbase. Bitcoin price has seen little change, rising 1% over the last 24 hours to trade at $63,252. chart This sell-off has seen the price lose key support levels: the 50-day exponential moving average (EMA) at $64,300 and the 100-day EMA at $63,670. “We got the #Bitcoin sweep I was waiting for and a nice reclaim of the range,” declared Bitcoin analyst AlphaBTC in an Aug. 2 post on X. The analyst was referring to Bitcoin’s price action since July 30, when it turned away from highs of $66,996 to set a swing low ... (full story)
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- Posted: Aug 2, 2024 4:55pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 273
