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BTC/USD: Holds Below $120K Barrier Amid Summer Lull

From dailyforex.com

Bitcoin has gotten hammered during the day, but we remain stuck in this range as most markets are really not doing anything right now. We are in the worst time of year for momentum for most markets as volume dries up. And you have to keep in mind that Bitcoin is no longer a peripheral market. It's now an ETF on Wall Street. So, when that comes into play, Wall Street's volume, or in this case, lack of interest in trading, will have a major influence on what happens next. That being said, it is worth noting that Bitcoin's been very bullish for some time and going sideways here is probably a good sign because we're not ... (full story)

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  • Category: Technical Analysis