Bitcoin profit taking sets traders’ buy target at $113K: Will a rally to new highs follow?
7h ago•
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Bitcoin’s post-all-time high sell-off is par for the course, and charts suggest buyers could step in around $113,000.
Key point:
BTC is showing signs of profit-booking, but buyers may stall the pullback near $113,000.
Bitcoin (BTC) pulled back after hitting a new all-time high of $123,218 on Monday, indicating profit-booking at higher levels. The correction seems to be technical in nature, as the underlying demand remains strong. Bitcoin treasury companies purchased 159,107 BTC in Q2, according to BitcoinTreasuries.NET.
7h ago•
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