August 2022 fails to deliver for BTC bulls as Bitcoin heads for a 'really ugly' monthly candle.
This time around, macro instability is combining with tradition to deliver gloomy projections from analysts.
Rager was continuing a debate over the likelihood of bitcoins from the Mt. Gox rehabilitation process being sold en masse by creditors due to receive them after an eight-year wait. As CointelegraphBTC/USD monthly returns chart . Source: CoinglassTurning to the monthly close, nervous commentators focused on whether Bitcoin could avoid a monthly candle finishing below the $20,000 mark.Were it to fail to do so, BTC/USD would rival June in terms of lows absent from the chart since the end of 2020.
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