Analysts pushing the price of Bitcoin os profit taking are limited
Bitcoin price will have a challenging path as long-term carriers continue to take pro.
The failure of recovery cryptocurrency markets, analysis check or pressure, “only good old sellers,” he said, “not only good old sellers.”
If there is an existing Bitcoin (BTC) holdings, the amount of the escape-side edge is still widely favored, and is currently a “source of resistance”.
The analyst is a chart that shows the height of all the moving averages indicating that the coins are sold by long-term carriers.
According to another table, guaranteed profit decreased by $ 1.7 billion per day to $ 1.7 billion, the third highest level this cycle.
Meanwhile, from the previous coin, it reached the level of 2.9 billion dollars per day.
Bitcoin os taking profits
The authoritative investor said: “Relative weakness with OCCs has been a year of relative weakness from OCCs to BTAAP.
“This dynamic is going to be very important in the coming years, as everyone has done with BTC's relative weakness.”
Related: John Bolger A big move could happen
Galaxy Digital CEO mike nokeogetz set the mood in an interview with Rauul Pal last week.
“There are a lot of people in the Bitcoin world who had ridden this for so long and finally decided, ‘I wanna buy something',” he said, citing friends who bought a yacht and part of a sports team.
“People cut because they have a great run, and we're cutting that rotation.”
The only supply the company has is “old ogs” and miners.
Provides weekly support
Bitcoin found weekly support at $108,700.
“Continues to be caught here, later Tentabis” at $ 120 kg. + on stability / stability, said Sunday “here is the stability”.
The property was listed at $110,000 at the time of writing, but has more objections than that.
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