Are things about to get ugly? Bitcoin hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data. (Reporting via WilliamSuberg)
BTC/USD circled $23,000 at the time of writing after dropping more than $1,000 the day prior.
Daan Crypto Trades flagged $24,300 as a crucial level to break and hold for Bitcoin to “fly,” with $21,000 a potential target in the event of a breakdown.If we'd get a full on breakdown then the logical target would be low $21Ks.
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