Why is Bitcoin price down today? By Cointelegraph
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The bullish momentum that propelled (BTC) to a 75% year-to-date gain all but vanished on Aug. 1 as Bitcoin price closed out the month of July down 5.4%. Bitcoin price briefly fell below $29,000 on July 31 and remains under that key resistance level.
The contraction in Bitcoin price has some analysts cautioning that BTC risks dipping to $25,000.
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© Reuters
The bullish momentum that propelled (BTC) to a 75% year-to-date gain all but vanished on Aug. 1 as Bitcoin price closed out the month of July down 5.4%. Bitcoin price briefly fell below $29,000 on July 31 and remains under that key resistance level.
The contraction in Bitcoin price has some analysts cautioning that BTC risks dipping to $25,000.
Continue Reading on Coin Telegraph
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