BlockBeats news, August 7, regarding the recent market adjustment, some analysts warn that the summer slump will persist. Among them, FxPro chief market analyst Alex Kuptsikevich stated in a report on Thursday: "The support gained in the previous peak area indicates that the market is temporarily pausing to lock in profits. However, the market slump is deterring the most active traders, who have now turned to very small projects."
On the other hand, Bitcoin is once again approaching its 50-day moving average. The frequency of testing the mid-term trend signal line indicates that, as the largest cryptocurrency, Bitcoin has fallen into an accumulation fatigue." (CoinDesk)
