Tag: support level

Bitcoin Stabilizes at $112,000 Support Level Amid Market Volatility

Bitcoin Stabilizes at $112,000 Support Level Amid Market Volatility

Bitcoin (BTC-USD) displayed positive price resilience by bouncing off its 50-day simple moving average at approximately $112,000, an important level of support. The market has recovered after a roughly 9% drop from mid-July peaks. This decrease was largely propped up by whale activity, creating extreme volatility and large spikes of...

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