After the intense downward spiral that Bitcoin experienced to $6,000 following its similarly-intense rise to above the $8,000 barrier on July 25, a Canadian fund called the Rivemont Crypto Fund decided to provide its thoughts on the situation in an update to investors posted on Friday.
“After the rapid correction of the last two weeks, a rebound that could be described as technical rather than fundamental is predictable. This is also the action we can observe since Thursday. It is too early to know if this will translate into a rebound on the strong support around $6,000, or if it is only a temporary relief from the current trend… It goes without saying that the support aro...
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