Bitcoin (BTC) headed lower on Aug. 12 as a broadly expected comedown from two-month highs began to take shape.
200-week moving average becomes pivot
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $23,615 on Bitstamp prior to the day’s Wall Street open, marking 24-hour losses of around 5.2%.
The pair had seen its highest levels since June 13 as enthusiasm over declining United States inflation combined…
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