Bitcoin once again plummeted from its previous support level to $8,700 after the brief attempt by BTC for the bulls to fall to their short-term support level, apparently at a time of collapse then The resistance level overturned. This measure
Analysts believe that Bitcoin can soon set new multi-day lows, which leads to greater buying pressure.
Bitcoin Rejected at $8,700 as Bulls Fail to Garner Significant Strength
At the time of writing, Bitcoin is trading down approximately 1% at its current value of $8,540, marking a return of its daily maximum of around $8,700 set yesterday.
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