via Cointelegraph · By Cointelegraph Staff
Bitcoin Dip Marks Distribution But BTC May Avoid New Bottom
BTC/USDT
$4,573,634,479.39
$64,599.95 / $63,810.00
Change: $789.95 (1.24%)
+0.0040%
Longs pay
Bitcoin's drop below $73,000 on Wednesday marks a short-term turning point for the market, as multiple BTC distribution signals point toward rising sell-side pressure.
While the increasing chance of a correction into the $60,000 to $70,000 range remains in play, long-term holder data points to improving investor sentiment, suggesting that traders view the current price as a buying…
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