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Bitcoin (BTC) Dips Just Below $6,000 Support Level

Published 08/14/2018, 01:45 AM
Updated 08/14/2018, 03:01 AM
 Bitcoin (BTC) Dips Just Below $6,000 Support Level

It doesn’t look like speculators were swayed by the positive numbers that Bitcoin was showing over the last week as it began gaining momentum, recovering from a low in the $6,000 range and flirting with $6,400 at the beginning of this week.

According to Binance’s charts, BTC has been stuck at the upper end of $5,900 for the better part of an hour by the time we’re writing this, experiencing its lowest point of this trading cycle at a painful $5,880.

This important price movement took the coin far below the expected $6,000 support level posted by Rivemont Crypto Fund in a cautiously optimistic message to investors.

To put things into perspective, the last time that Bitcoin was valued at anywhere near this price was in February this year...


This article appeared first on Cryptovest

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