Bitcoin is consolidating near $79,000 after a powerful August rally, with technical indicators suggesting buyers remain in control despite signs of overbought market conditions. Bitcoin (BTC) is trading around $78,840 after recently climbing above $81,000. The rally began near $63,000, meaning BTC gained almost 30% before encountering stronger resistance around the $80,000 level. Despite several volatile trading sessions, sellers have yet to trigger a substantial correction. One of the strongest bullish signals is Bitcoins recovery above the 200-day moving average, reinforcing the broader… Read more
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