via Cointelegraph · By Cointelegraph Staff
Bitcoin Dip Marks Distribution But BTC May Avoid New Bottom
BTC/USDT
$18,198,229,948.51
$65,622.83 / $63,270.00
Change: $2,352.83 (3.72%)
+0.0030%
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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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