Bitcoin bears have continued to defend the $120,000 resistance, but the bulls haven’t allowed them to pull the coin below key support levels. This suggests that the bulls intend to push BTC above that key barrier to start the second leg of the uptrend in the coming days. According to Tom Lee, the head…
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Key takeaways: Bitcoin hit a record monthly close at $115,800 on July 31. Analysts see price dropping below $115,000 as a bullish retest. August may see strong BTC gains, as post-halving years historically see 14%-65% returns. Bitcoin (BTC) has made history after BTC/USD achieved its highest monthly close on Thursday. BTC/USD monthly chart. Source: Cointelegraph/TradingView…
It's become more expensive to use derivatives to insure against a decline in ether (ETH) than in bitcoin (BTC), indicating that market sentiment has shifted against the second-largest cryptocurrency by market cap, data from Deribit shows. The sentiment shift comes after weeks of big money favoring ether over its larger peer. According to data from…
