Bitcoin (BTC) Dips Just Below $6,000 Support Level
Cryptovest
Published Aug 14, 2018 01:45AM ET
Updated Aug 14, 2018 03:01AM ET
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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Written By: Cryptovest
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