Bitcoin

Rekt

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-targets-60000-after-market-dip/" data-wpel-link="internal">Bitcoin Targets $60,000 After Market Dip</a> 
Bitcoin, markets targeted $60,000 again on August 29 after a new wave of sudden sales. Data from TradingView showed Bitcoin’s price action reached a two-week low of $57,900 on Bitstamp before recovering. The BTC/USD pair came under pressure the previous day, with market participants attributing the weakness to spot sales on the global exchange <a href="https://en.coin-turk.com/red-card-to-the-argentine-football-federation-by-binance/" data-wpel-link="internal">Binance</a>. 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-bitcoin-front">What’s Happening on the Bitcoin Front?</h2> 
Binance, got involved in discussions about users’ funds in Palestine, with a notable increase in sales during US trading hours. Data from blockchain analytics platform CoinGlass showed a sudden drop of 45,000 Bitcoins in Binance’s Bitcoin balance. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-384188 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/coinglass-7.webp" alt="" width="1387" height="525"> 
Michael van de Poppe, founder and CEO of trading company MNTrading, predicted a decline to $56,000 and argued that the loss of the $61,000 level in lower time frames was critical. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-384187 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-4s.webp" alt="" width="2257" height="1186"> 
More encouraging signs came from large-volume investors, with blockchain analytics platform Lookonchain highlighting a whale purchase worth approximately $60 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-384185" src="https://coin-turk.com/wp-content/uploads/2024/08/lookonchain-3.webp" alt="" width="500" height="512"> 
Santiment previously noted that buying the dip around $59,000 was already entirely suitable for whale and shark holding groups. The Santiment team shared the following on X: 
<blockquote> 
 “In the past month, wallets holding 10-10,000 Bitcoins have accumulated more than 133,300 tokens, while smaller investors continue to impatiently leave their assets to them.” 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="famous-analyst-comments-on-bitcoin">Famous Analyst Comments on Bitcoin</h2> 
For <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">popular investor</a> and analyst Rekt Capital, the BTC/USD pair maintained a weekly consolidation pattern within a narrowing wedge and seemed ripe for a breakout. The famous analyst shared the following with a chart during the day: 
<blockquote> 
 “Bitcoin indeed developed a higher low (light blue) and stayed above the weekly level (black; $55,737). Moreover, Bitcoin has since formed a base at an even higher weekly level ($58,000) which has acted as combined support this week. This combined support is currently being retested.” 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-384184 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-yorum-3.jpg" alt="" width="1794" height="1266"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-targets-60000-after-market-dip/" data-wpel-link="internal">Bitcoin Targets $60,000 After Market Dip</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-targets-60000-after-market-dip/" data-wpel-link="internal">Bitcoin Targets $60,000 After Market Dip</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Targets $60,000 After Market Dip

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