Bitcoin Retraces to $21K – Cheap Bitcoin for Friday!

Bitcoin has dropped into the $21K range this morning but there’s  always a bright-side – now’s a great time to get some cheap Bitcoin!

Weak address growth points to Bitcoin price failing to sustain $25K

“After taking some by surprise with its magnitude, the latest snap losses for BTC price action are still playing out.

After falling from $23,800 to as low as $21,400 in a single hour, the largest cryptocurrency is now attempting to establish support near its realized price.

At just below $22,000, realized price refers to the sum total at which the entire BTC supply last moved.

The setup will be more than familiar to many market participants, as realized price formed an initial support line during Bitcoin’s descent in May, immediately following the Terra LUNA blowout.”






Master Asked on August 19, 2022 in Bitcoin.
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