Bitcoin fell during the day from $65.8K to $64.6K, where it found support from buyers. This proved sufficient to push the price back up to $65.5K, forming the seventh consecutive local low higher than the previous one since the start of July. Higher lows have now formed for seven consecutive sessions, but higher highs have yet to develop with the same consistency. As a result, the market is best described as being in an uptrend rather than a well-defined ascending channel.

Crypto News

Demand for Bitcoin among long-term investors and institutional investors is falling rapidly, according to CryptoQuant. Speculative activity in futures markets remains positive but is…