As of now, BTC is trading nearly 11,000 USD below its recent high of 124,481 USD on August 14. David Lawant noted that after price dips, buy orders quickly outnumber sell orders, highlighting strong demand.
The rapid absorption of dips indicates confidence from long-term investors, including institutions leveraging short downturns for buying opportunities. Technical analysis reveals BTC fluctuated within a 1,899.78 USD range recently, indicative of strong trading activity.
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