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Mastering Crypto
08/25 08:39
BTC Price Analysis
Bitcoin (BTC) neared a two-month low during today’s session, as traders continued to react to the latest FOMC minutes report.
Following a high of $29,192.26 on hump-day, BTC/USD dropped to an intraday low of $28,376.50 earlier in the day.
This was the weakest point that bitcoin had fallen to since June 21, when it was at a low of $28,271.
The drop comes as a recent upwards crossover between the 10-day (red) and 25-day (blue) moving averages has reversed course.
Additionally, the relative strength index (RSI) has plunged deeper into oversold territory, and is now tracking at 35.05.
This is its lowest level since March, and should momentum continue to fall, price could end up at a floor of $27,600.
#HTX 10th Anniversary
#BTC преодолел отметку в $120 000!
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