Bitcoin whales jump at the chance to buy cheap BTC with spot sellers showing knee-jerk reactions in a choppy trading environment.
Bitcoin (BTC) retargeted $60,000 on Aug. 29 after as markets emerged from a fresh bout of impulse selling.
Data from Cointelegraph Markets Pro and TradingView showed that BTC price action matched a two-week low of $57,900 on Bitstamp before rebounding.
BTC/USD came under pressure the day prior, with market participants attributing weakness to spot selling on largest global exchange Binance.
