BTC price nears $26K amid warning Bitcoin sell pressure can ‘double’

Cointelegraph

Published Aug 18, 2023 10:33AM ET

Updated Aug 18, 2023 12:20PM ET

Bitcoin (BTC) stayed near two-month lows at the Aug. 18 Wall Street open as markets came to terms with extreme liquidations.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action tracking sideways after a single daily candle spawned 8% losses.

Bitcoin liquidations composite chart. Source: QCP Capital
BTC/USD annotated chart. Source: Rekt Capital/X
BTC/USD annotated chart with weekly RSI. Source: CryptoCon/X

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