Bitcoin and Crypto Loss Transactions Point At Market Bottom
While Bitcoin has been consolidating for a while, it has actually delivered a better performance than the US equity market. On-chain data provider Santiment explains that Bitcoin remains within a narrow price range at $29.4k, and interestingly, this stable trend is currently showing better performance compared to equity markets such as the #SP500 in August. The shift away from the correlation that started in mid-July has historically been advantageous for #crypto prices. advertisement Courtesy: Santiment On Tuesday, August 15, QCP Capital reported that the Bitcoin (BTC) price could be heading to $34,000 as it rests on a crucial support level. As per QCP Capital, September would be a key month, adding that $29,300 would serve as a specific area of interest. It added: “On the charts, the wedge pattern that BTC has been trading in since its 15k lows reaches its first termination point at the start of Sep. Will there be a sharp rally that takes us to the 34k re...