Bitcoin price corrects after hitting a wall at a multi-month descending trendline

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On August 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving average, a first since April 21 and perhaps a sign for bulls that the market has bottomed. Dow Jones Industrial Average (DJI). Source: TradingView While equities markets have been strikingly bullish in the face of high inflation and a steady schedule of interest r ...

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