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If This Key Indicator Proves Accurate, August Will Be The Last Time Bitcoin Trades Below $10k

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The benchmark cryptocurrency broke above the psychological $10k level on May 2, achieving a new high above $10,400. Unfortunately, the cryptocurrency succumbed to profit-taking as it dropped sharply to $9,300 shortly afterward.

The dip was not completely unexpected as BTC has faced massive rejection at the $10k zone for approximately 12 times since October last year.

Bitcoin is valued at $9,593.88 at the time of publication, as the tussle between the bulls and the bears continues. However, according to a price indicator that is gaining traction among crypto investors, August could well be the very last time BTC is ...

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