BlockBeats news, on August 7, Glassnode stated that Bitcoin (BTC) is struggling to regain the short-term top buyer cost price (approximately $116,900). If it remains below this level, the market is more likely to enter a long period of consolidation or further retrace to just above $110,000.
According to HTX market data, Bitcoin is currently priced at $116,800, with a 24-hour increase of 2.45%.
