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Add as a preferred source on GoogleBitcoin Selling Above $80,000 Coincides With Earlier Local Lows
The Oct. 15 episode followed similar selling bursts in early and mid-August and mid-September, which coincided with price declines and local bottoms.
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Bitcoin (BTC) sellers capitulated above $80,000 on Oct. 15, a pattern that has coincided with local price lows during earlier bursts.
Comparable bursts in early and mid-August and mid-September coincided with price declines and local bottoms. Profit-taking has eased since its September peak.
The recent episode may signal a possible floor.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.