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In August, Bitcoin recorded its most stable month since June of last year, remaining in the $6,000 to $6,500 pocket. Fast forward a month, as of September 15, the price of Bitcoin remains at around $6,550.

For an asset to achieve a proper mid-term rally after a 80 percent correction, a stabilization period and bottoming out process is required. In late August, BTC surged by more than 17 percent within a two-week period.

@peakdemand

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