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Bitcoin Taking a Breath Before Another Jump

Adel 24 July, 2020 5:34 pm General

Bitcoin is trading at $ 9543 and recovered above $ 9,500 after a short decline due to the bearish sentiment in the global markets. Bitcoin has a market value of $ 175.7 billion, which represents 61.4% of the total capitalization in the digital assets market.

Over 82% of Bitcoin holders are now making gains at the current price level. The sustained movement above $ 9,500 has improved the technical outlook in the short term and achieved a sense of optimism in the market.

A cluster of 1.2 million BTC addresses have their breakeven point in the range from $9.500 to $9,700, which means, the price may spend some time in this range before another sustainable move towards a psychological $10,000.

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