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Add as a preferred source on GoogleBitcoin Sellers Capitulate Above $80,000 in Thursday Decline
Seller capitulation emerged during Thursday’s decline just above $80,000. Earlier loss-selling waves coincided with local lows in August and September.
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Bitcoin (BTC) sellers capitulated during Thursday’s decline just above $80,000, a move that would mark a local bottom if the earlier pattern holds.
Loss-selling waves in early August, mid-August and mid-September each coincided with local lows, while profit-taking has slowed since September’s high.
The possible bottom signal is conditional on the pattern holding.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.