in

Bitcoin price turns to test lower support levels as $50K stays out of reach Cointelegraph via biedex.markets

Bitcoin price turns to test lower support levels as $50K stays out of reach

(BTC) continued to range below $50,000 on Aug. 31, the final day of the month, as analysts demanded higher levels in order to continue the bull run.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView painted a dull picture for investors on Aug. 31 as BTC/USD continued to trade in a four-day-old descending channel.

BTC/USD buy and sell levels (Binance) as of Aug. 31. Source: Material Indicators/Twitter
Bitcoin UTXO realized price distribution annotated chart. Source: Glassnode

Continue Reading on Coin Telegraph