02 Aug Bitcoin Holds Key Trend Line as Real Volume Climbs Over 120% Since 2018
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Bitcoin’s bulls and bears have been locked in a fierce battle over the past few days, with buyers attempting to push BTC firmly into the five-figure price region, while sellers have been attempting to push the cryptocurrency below the key psychological price region of $10,000.
This price action has made it significantly unclear as to which direction BTC will trend in the near-term, but one striking statistic about the crypto’s fundamental strength may signal that bulls currently have an edge over bears.
Bitcoin Struggles to Hold Above $10,000 as Sellers Put Up Strong Fight
At the time of writing, Bitcoin is trading up nominally at its current price of $10,040, which is up slightly from its daily lows of $9,900 that were set yesterday but is still trading below its 24-hour highs of over $10,100.
This price action is emblematic of the new trading range that Bitcoin has found itself caught within, and the lack of any major momentum in one direction or another has led to a division…
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