Bitcoin Bulls Have “Nothing to Worry About” Despite Overnight Pullback

After consolidating in the upper-$11,000 period for an extended period of time, Bitcoin (BTC) incurred a sudden influx of selling pressure that sent the crypto reeling down to lows of roughly $11,300, at which point it found some support. Analysts are now noting that Bitcoin’s bulls are safe so long as the crypto holds above a key support level, but a breach below this level could lead to a significant pullback. Bitcoin Drops Towards $11,000 as Bears Gain Greater Strength At the time of writing, Bitcoin is trading down nearly…

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Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

Friday, Aug. 9 — Bitcoin (BTC), Ether (ETH) and XRP are slumping along with the rest of a largely red cryptocurrency market. Market visualization. Source: Coin360 Bitcoin is trading at$11,910 at press time, with approximately a 1.16% loss on the day. Bicoin has broken $12,000 three times this week, but has lost traction at or above that price point. Nonetheless, some BTC bulls are saying that the current market conditions indicate only a temporary setback for its inevitable surge beyond the previous all-time high. Serial VC investor Tim Draper commented:…

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