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via crypto.news · By crypto.news Editorial

Bitcoin drop may signal demand, Scaramucci says

BTC

BTC/USDT

$65,082.45

+1.33%

$65,082.45

+1.33%

(24s)

24h Volume

$12,724,466,495.48

24h H/L

$65,217.86 / $64,124.39

Change: $1,093.47 (1.71%)

Long/Short

60.0%

Long: 60.0%Short: 40.0%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,666.24

▼ -0.09%

Volume (24h): -

Resistance Levels

Resistance 3$66,301.35

Resistance 2$65,634.99

Resistance 1$64,980.20

Price$64,666.24

Support 1$63,931.06

Support 2$63,318.55

Support 3$62,617.14

Pivot (PP):$64,604.03

Trend:Uptrend

RSI (14):55.0

crypto.news Editorial

(07:40 AM UTC)

1 min read

Reviewed byJames Mitchell

0 comments

SkyBridge Capital founder Anthony Scaramucci said on Aug. 18 that Bitcoin’s latest bear market may contain one encouraging signal: its decline has remained smaller than losses recorded during previous cycles.

Summary

Scaramucci called Bitcoin’s current decline a bear market despite its shallower drawdown than earlier cycles.
Bitcoin traded near $64,000…

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