Bitcoin slips below $78,000 after August surge
Bitcoin is down 1.3% to below $78,000 after a 25% gain in August, which moved it out of rangebound trading at multi-year lows. 21shares says the August “trend structure” was repaired.
Bitcoin is down 1.3% to below $78,000 after a 25% gain in August that pushed the cryptocurrency out of rangebound trading at multi-year lows.
The "trend structure" for bitcoin prices was repaired in August, says Maximiliaan Michielsen of 21shares in a note.
But he adds that for bitcoin, the "hard w…