Dip Buyers Back: 5 Bitcoin Market Highlights

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Bitcoin no longer has promising odds of a breakout in coming days as opinions differ on what caused the BTC price dip and what will happen next.

Bitcoin started a new week with a fresh sell-off, and traders are split over where it will head next.

BTC price action has dipped $10,000 since its latest all-time high just days ago, leading to comparisons with the 2021 top.

Order-book manipulation may be to blame, analysis argued; a large entity may be “buying the dip.”

The US Federal Reserve’s Jackson Hole symposium is due, with the US inflation fight contrasting with hopes of a Russia-Ukraine peace settlement.

Bitcoin hodlers may have less time to enjoy gains as the latest uptrend enters its seventh week.

In a “strange” development, BTC price weakness is diverging from a positive Coinbase premium.


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