July 25/Grayscale’s Ether sell-off suppresses the market, Bitcoin rebounds at key pressure points
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Bitcoin fell back to a minimum of 63,300 on July 25, close to the support level of 64,000 mentioned in yesterday’s article.
Bitcoin fell back to the lowest level of 65,600 on July 24 and the support level of 65,800 mentioned in yesterday’s article.
Bitcoin fell back to a low of 65,900 on July 23, which coincides with the support level of 65,800 mentioned in yesterday’s article.
The double pressure of the selling in Mentougou and the expected selling by the US government has caused Bitcoin to fall to 63,300, which is expected. In fact, Bitcoin has been in a strong consolidation. The US plummeted some time ago, the German government sold tens of thousands of Bitcoins, and Mentougou sold more than 100,000 Bitcoins. With the continuous real selling pressure, Bitcoin has fallen so much, which is definitely very strong.