The post Bitcoin Correction Triggers Loss Selling Among Short-Term Holders appeared first on Coinpedia Fintech News
Bitcoin fell more than 10% from its May 8 peak of $82,000 and is now trading near $73,500, prompting increased selling by short-term holders. Investors who have held BTC for less than six months accounted for most of the recent loss-taking activity. Over the past 24 hours, Bitcoin sent to exchanges recorded a net loss …
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Despite a brief bounce, Bitcoin is still struggling with heightened volatility, capping every upward attempt and keeping its price below the $65,000 mark In this unfavorable market environment,...
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Technical analysis of Bitcoin’s price action on the daily candlestick timeframe places the cryptocurrency around the same resistance region where previous relief rallies have failed, turning
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