HomeUncategorizedBitcoin bears ‘in control but exhausted’ as BTC price retakes $29K By Cointelegraph

Bitcoin bears ‘in control but exhausted’ as BTC price retakes $29K By Cointelegraph

August 8, 2023

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© Reuters.

(BTC) recovered above $29,000 on Aug. 8 as one trader eyed a potential breakout already underway.

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed a modest BTC price rebound after it set local lows of $28,670.

BTC/USD annotated chart. Source: Jelle/X (Twitter)
Bitcoin, alt metrics comparison. Source: Yann Allemann/Jan Happel/X