BTC price sees 6% correction in contrast to booming Bitcoin on-chain data
A cooling-off period is welcomed by traders who were already in moderate shock at the veracity of last week's ten-green-daily-candle surge. Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin needs to hold mid-$30,000 zoneData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday.After a successful weekend turned less optimistic, the start of the new week saw mixed activity as Bitcoin bulls....
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