Key takeaways:Bitcoin marks its steepest pullback in a month, with the ghost month trend hinting at further downside to $105,000. Onchain data shows a rise in US and Korean spot demand, pointing to a short-term recovery.Bitcoin (BTC) saw a sharp correction on Thursday, slipping below $117,000 on Aug. 14, marking its steepest pullback in a month. The daily chart flashed a bearish engulfing pattern for the first time since July 15, raising concerns that seasonal weakness during Asia’s “ghost month” could extend the downturn.Bitcoin one-day chart. Source: Cointelegraph/TradingViewDespite the dip, onchain data point to resilient dip-buying activity. The Coinbase Premium…
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