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August 16, Bitcoin {BTC} price analysis

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On Friday, August 16, the total value of crypto money markets stands at $ 259 billion. In the markets, which saw a slight increase compared to the same time as yesterday, the average trading volume of the last 24 hours is around 68 billion dollars.

According to coinmarketcap data, the top 100 crypto coins stand out in the 97th, 97. 15.66 percent rise in the current $ 0.0025 is currently traded XMax. The 78th Clipper Coin (CCCX) token is still up by 11% today and continues to rise yesterday.

Quant, ICON, and VestChain have lost 12 percent among the cryptocurrencies that have lost the most in the last 24 hours. ICON (ICX), which is among the top winners yesterday, is thus not able to maintain yesterday’s value.

Bitcoin, which dominates the market by 68.4 percent, continues its fluctuating course. BTC is currently trading at $ 9.946, an increase of 1.57 percent.

August 16 Bitcoin price analysis
Although Bitcoin made an upward move to close yesterday, it rose to $ 10,460 but resumed a rapid decline with new day sellers trading. With the opening of Asian markets, high-volume sales caused BTC to fall to $ 9,750 against the dollar.

$ 9,750 remains a critical support point for the BTC. Bitcoin is now back to $ 9,950, with response purchases coming from this level. In particular, when signs of recovery are coming, sales show that the panic atmosphere is still continuing. The decrease in Bitcoin in the range of $ 9.900 – $ 9.750 shows that high volume purchases continue from the bottom.

Finally, a further close of $ 10.050 – $ 10.150 a day may increase Bitcoin’s losses, further increasing sales pressure.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.