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BTC at Crucial Level, When to Buy the Dip, Twitter Hack Trial Fiasco: Hodler’s Digest, Aug. 3–9

Published 08/09/2020, 08:59 AM
Updated 08/10/2020, 12:20 PM
BTC at Crucial Level, When to Buy the Dip, Twitter Hack Trial Fiasco: Hodler’s Digest, Aug. 3–9

The price of Bitcoin is facing its final resistance before $15,000

Its been a (slightly) calmer week for Bitcoin with the worlds biggest cryptocurrency managing to recover from the low $11,000’s in recent days. Now, the $11,600$12,000 is a crucial level to break if BTC is to continue moving higher.

According to Michal van de Poppe, the resistance zone at $11,800$12,000 is significant, as its the final untested level until BTC enters open air. If theres a breakthrough, he thinks Bitcoins price can easily run toward $15,000 or even $16,000 exacerbating FOMO.

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