Bitcoin Faces A Key $65,000 Test After A Sharp Price Surge

Bitcoin abruptly jumped this Tuesday, August 18, to the $65,000 mark. This movement caught short sellers off guard, heavily exposed in derivative markets. The rise now faces a concentration of sell orders likely to slow down BTC. Meanwhile, on-chain data shows long-term accumulation, notably on the side of institutional players. Two opposing dynamics could influence Bitcoin's next trajectory.

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