BTC sees wild swings in August, drops below $60,000.
- BTC struggles to regain momentum after a sharp drop to a 6-month low.
- The battle between bulls and bears continues, with many factors causing volatility from US economic data.
- July CPI due on August 14, followed by PPI and unemployment figures.
📉 BTC/USD hits double 'death cross', a reminder that bull markets can have bad times too.
- BTC mining difficulty expected to drop for the first time in 6 weeks.
- BTC price sees wild swings, with local low at $57,700 on Bitstamp.
📊 Traders are watching the $54.5-56.5k support zone, with buying liquidity appearing at $57,700 and below.
- Crypto Fear & Greed Index is at "extreme fear" level even though the price has not dropped significantly.
What do you think about the current BTC situation? Comment below! 💬