RATE Group | BTCUSD in Slow and Stable Upside
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BTCUSD in Slow and Stable Upside

24 Aug BTCUSD in Slow and Stable Upside

Posted at 18:46h in Bitcoin News by

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Bitcoin price steady

Bitcoin today underwent a slow and stable upside correction, rising as much as 4.5 percent from the previous day bottom at $6,317.

BTC/USD kicked off towards 6500-fiat during the early trading session and established its intraday high around 6580-fiat. The pair, however, began to settle down near the said high as the European trading session came into play. There were minor some bearish correction as the day matured. But, at the time of this writing, and at the beginning of the US session, the BTC/USD has extended its downside correction and is now forming lower lows towards 6450-fiat.

It seems that despite their irrelevance in a broader context, the ETF events are still impacting the buying and selling sentiment of traders. The price today reportedly rose on SEC’s decision to review the recently rejected ETF applications. It is starting to lose its upside team as the SEC news dries up.

BTCUSD Technical Analysis

We are still inside the rising wedge pattern we drew in our

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