Bitcoin Technical Analysis Report | 5th August 2024
On August 5th, Bitcoin’s price plummeted to $52,500, experiencing a sudden 10% drop from $58,350 in under two hours. This marks the first time BTC has dipped below $53,000 since February 26th, following a rally spurred by the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. This sharp decline has led to…