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via crypto.news · By crypto.news Editorial

Bitcoin may enter accumulation by November, VanEck says

BTC

BTC/USDT

$65,503.94

+1.09%

$65,503.94

+1.09%

(24s)

24h Volume

$12,661,733,807.55

24h H/L

$65,507.24 / $64,166.00

Change: $1,341.24 (2.09%)

Long/Short

58.2%

Long: 58.2%Short: 41.8%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,863.99

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$66,301.35

Resistance 2$65,634.99

Resistance 1$64,980.20

Price$64,863.99

Support 1$64,568.32

Support 2$63,931.06

Support 3$62,617.14

Pivot (PP):$64,604.03

Trend:Uptrend

RSI (14):56.4

crypto.news Editorial

(04:25 AM UTC)

1 min read

Verified byMichael Roberts

0 comments

VanEck said on Aug. 18 that Bitcoin may be approaching an accumulation phase after eight of its 12 capitulation indicators remained active as of Aug. 12.

Summary

Eight of VanEck’s 12 Bitcoin capitulation signals were active on August 12, indicating late cycle stress.
All 12 indicators entered capitulation territory during the three months preceding…

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