Bitcoin Remains Bullish Despite Heavy Profit-Taking

1h ago•

bullish:

bearish:

After climbing a spectacular mountain road, a gigantic convoy of armored trucks filled with Bitcoin arrives on a plateau. The lead truck has just stopped a few meters from a steep, dark downhill road. On its side, only 110000 is displayed. In the foreground, a trader observes the convoy through binoculars, his face suddenly anxious. Another investor looks down the descending road in horror.

According to CryptoQuant data, bitcoin holders have realized 110,000 BTC of net profits since August 19. Such a profit-taking occurs after a rally that led the price from less than 65,000 dollars to over 82,000 dollars. Bitcoin is now trading around 80,000 dollars, while numerous indicators point to a slowdown in demand. Thus, the risk of correction increases, but the overall trend is not yet bearish.

L’article Bitcoin Remains Bullish Despite Heavy Profit-Taking est apparu en premier sur Cointribune.

1h ago•

Cointribune

bullish:

bearish: