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I asked if <a href="https://xpertsstudio.com/germany-is-ending-tax-free-bitcoin-and-cutting-the-rate-for-traders/” title=”Germany is ending tax-free bitcoin, and cutting the rate for traders”>Bitcoin would bottom in a July 28, 2026, Barchart article, and I concluded with the following:
Given their volatility, I believe Bitcoin and COIN are best suited for trading rather than investing. Accepting small losses in the quest for oversized profits is optimal in the cryptocurrency asset class.
More News from Barchart
Price history suggests that Bitcoin and COIN will find bottoms. Time will tell if those lows are already established or if the volatile cryptocurrency assets have further downside.
Bitcoin was trading at $64,520.35 on July 27, 2026, with Coinbase Global (COIN) shares at $163.23. In September 2026, Bitcoin was trading on either side of $80,000, and COIN was over $170 per share.
Bitcoin bounces after holding above critical technical support
The long-term monthly chart highlights that while the leading cryptocurrency experienced another correction in a long series of substantial corrections, it held above the level that would threaten the bullish trend since 2010.
The chart shows that Bitcoin fell 54.3% from the October 2025 high of $126,184.05 to the July 2026 low of $57,717.55 per token, where it found a bottom. While the correction was ugly, it was not the first time Bitcoin lost half its value or more. However, each previous selloff has led to a new record high. While Bitcoin was plunging, critical technical support for the bullish trend was at the August 2024 low of $49,784.02. Bitcoin remained more than $7,900 above that support level at its most recent low, which is not critical support in a market that has made higher lows for the past decade.
COIN also bounces
Coinbase Global (COIN) is the leading U.S. cryptocurrency platform, providing trading in more than 50 digital assets.
COIN shares began trading in April 2021, opening at $381 and rising to a high of $429.54 before a 92.7% correction to a low of $31.55 per share in January 2023. While Bitcoin has been highly volatile, COIN has shown even greater percentage price variance.
The monthly chart shows that after the over 92% decline, COIN rallied 1,309% to a record high of $444.64 in July 2025. The latest decline took the shares 68.7% lower to $139.11 in July 2026 before recovering to over $190 in September, before running out of upward momentum.
If history is a guide, a parabolic rally could be on the horizon
Source: finance.yahoo.com

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