HomeUncategorizedBTC price nears $26K amid warning Bitcoin sell pressure can ‘double’ By Cointelegraph

BTC price nears $26K amid warning Bitcoin sell pressure can ‘double’ By Cointelegraph

August 18, 2023

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© Reuters

(BTC) stayed near two-month lows at the Aug. 18 Wall Street open as markets came to terms with extreme liquidations.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action tracking sideways after a single daily candle spawned 8% losses.

Bitcoin liquidations composite chart. Source: QCP Capital
annotated chart. Source: Rekt Capital/X
BTC/USD annotated chart with weekly RSI. Source: CryptoCon/X