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Bitcoin Traders Avoid Locking Profits as BTC Nears Record High

Avatar photo Sonny S. Watts 20 hours ago

Bitcoin (BTC) price climbed above $120,500 on Aug. 11, moving closer to retesting its record high after a strong rebound over the past week. However, bearish pressure near the upper levels could force bulls to wait for the BTC price to make a new high. The 20-day EMA (red wave) might be a key support […]

The post Bitcoin Traders Avoid Locking Profits as BTC Nears Record High appeared first on CoinChapter.

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.