Bitcoin sees muted action, consolidates after drop under key, long-term trend line

A single bitcoin last traded at $ 8,847.25, down 2.5%, since Wednesday levels at 5 p.m. Eastern Time on Kraken. Despite the decline Wednesday, industry participants remain upbeat, with the price of bitcoin still 30% off its April low. “Overall things remain positive,” said Charles Hayter, co-founder of …
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Market Update: BTC Value Consolidates After Bouncing (news.bitcoin.com)

BTC markets have produced sideways consolidatory price action in recent days, following bitcoin’s dramatic crash from almost $ 20,000 USD to test a low of approximately $ 11,000, and ensuing bounce up to the 0.618 retracement area. Most major altcoin markets have bounced in concert with BTC.
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Bitcoin Price Consolidates on ETF News (news.bitcoin.com)

After falling $ 100 on Tuesday morning, bitcoin’s price continued its decline on Wednesday. The price, which peaked at $ 1,285 on Monday according to the exchange Bitstamp, dropped 1.5 percent the next morning. Within thirty minutes of this decrease, the digital currency had fallen to $ 1,160. The price then climbed to $ 1,229 before taking another downturn.
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