At What Level Do Institutional Buyers Join The Bitcoin Rally?
- Forbes.com
- Aug 2, 2018
- 1 min read
Bitcoin bulls are losing control again and the bitcoin price is back where the rally took off. The rally started on July 13, when the price formed a low of 6081 and there were some serious concerns that the price could break below the $6,000 mark. The bitcoin price started to consolidate from July 19 to July 23 and traded in a range of $7,236 to $7,780. It was on July 25 that the bitcoin price reached a high of $8,480, making investors confident about the possibility of touching $10,000. However, the price retraced from this level and we are back in the consolidation range mentioned above. Bitcoin (BTC) is down 2.38% over the past 24 hours and is currently trading at $7,575.28 on Coinbase. BTC dominance is at 48% and the total cryptocurrency market cap is down 1.45% and is currently at $271 Billion.
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