Bitcoin is facing continued selling pressure between $61,700 and $70,500
2024-09-02 12:11:22
According to IntoTheBlock data, about 7 million addresses bought Bitcoin in the $61,700 to $70,500 range. With a large number of traders losing money in this price range, there is constant selling pressure whenever the price of Bitcoin approaches this level, and many investors seek to break even. This is why it is difficult for Bitcoin to reach new highs. Only strong momentum can break through this trend and reach new highs.
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