Yesterday(8/20 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $20818, its lowest as $20758, its highest as $21350, its closing as $21127. After the start of Saturday, Bitcoin rebounded from the previous day's plunge, rising above $21k and consolidating before reaching a high at 16:00 and then declining again, reaching a low near the opening price at 21:00 and then rebounding, closing 1.5% up.
If you look at the 4hr chart, it moved in a small range after the previous day's sharp decline, and if there is no big rebound within a day or two, there is a high possibility that a further decline will occur. On the daily chart, Bitcoin, which broke below 50MA for the first time in a month the day before, only showed a weak rebound, and today it seems like a good scenario to go sideways.
There is news in the crypto industry, it is said that BitPay, a crypto payment solution, announced that BestBuy, a famous North American electronics retailer, accepts ETH, SHIB, and DOGE payments. As the adoption of crypto payments in such large-scale businesses continues to increase, WalMart, Amazon, and Apple are more likely to participate, which will lead to the growth of the entire crypto industry.
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