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Bitcoin traders warn of tough Q3 as Nikkei echoes ‘Black Monday’ 1987

Bitcoin traders warn of tough Q3 as Nikkei echoes ‘Black Monday’ 1987

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Source: Coin Telegraph

Bitcoin faces traditionally challenging months, while Japan sees stock sell-off unmatched in nearly 40 years.

Bitcoin needs to hold $60,000 for a shot at fresh all-time highs as traders voice concerns over BTC price performance.

Data from Cointelegraph Markets Pro and TradingView shows Bitcoin (BTC) bouncing from fresh two-week lows of $62,235 on Aug. 2.

Bitcoin continues to tease a breakdown toward $60,000 as risk assets see a period of flux to start the month.

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Author: William Suberg