Is Bitcoin Correcting or Just Cooling Off? – BeInCrypto

The Bitcoin (BTC) price has been retracing since getting rejected by the $12,000 level on Aug 2 and Aug 10. It is not yet clear if the current movement is corrective or an impulse that will bring new local highs. Bitcoin Retraces After Double-Top The Bitcoin price reached a top of $12,067 on Aug 10 and immediately fell. The decrease was preceded by bearish divergence in the 12-hour RSI


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