Gideon Geoffrey Last Updated August 22, 2023 @ 23:24
Bitcoin prices over the last seven days were some of the most bearish. It had one of its deepest retracements to date during this period. A monumental downside momentum in crypto prices was recorded on Thursday; pushing the leading asset to new lows. The digital asset had opened at $28,692 in the green, only for selling pressure to dynamite all remaining support. Breaking several bases, the currency free-fell all the way to a fresh low of $26,226. As evidenced on other alternate platforms, it dropped by $25,000. By the close of the day, there were 7% losses as prices attested back upto $26,642. Negative pushes were not yet done during the early hours of the next trading session, again splitting more levels; sub-26,000 prices were recorded for episodes on popular exchanges. The coin nosedived to as low as $25,601 on Bitstamp index. At once, a sight recovery happened as the crest asserted to a conclusion– $26, 32. Besides today’s events, minor spikes and dips were seen in the course of the last two days, pledging many to consider this as a default starter to a traditional ‘up & rally’ that can bring back the crest to pass $28,000-plinth. This assessment has remained subject to repudiation as the projects again ratchets down below 26K in the Bridge of the present day. The prices currently stand at the 5 round figure ($25,000 mark), leaving many speculators to disturb question marks to the crypto, gospel over today and the days gone.
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