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Price predictions 8/8: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI
Bitcoin made a solid comeback on Thursday, but the bulls are struggling to sustain the higher levels. That suggests the bears are selling on rallies. However, a positive sign for the bulls is that they are trying to maintain the price above $116,000. Glassnode said in a market report that the cost basis of the local top buyers, one week to one month cohort, is around $116,900. Buyers must sustain the BTC price above $116,900 to confirm that “the demand side is regaining control.” On the other hand, BTC risks entering a deeper correction toward $110,000 if the price maintains below $116,900, the report added. ... (full story)
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