Bitcoin traders still favor new $20K lows as Ethereum hits $2K

Bitcoin traders still favor new $20K lows as Ethereum hits $2K

It is high time for a deeper retracement on the "relief" rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table. Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC/USD attempts to retest multi-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuy-the-dip set for invalidation at $20,700Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staging a second run-up to near $25,000 on Aug. 13, so far seeing rejection.The pair had gained over $1,300 overnight, but as bulls again ran out of momentum....

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