Selling Pressure in Bitcoin (BTC) - Coinleaks
Current Date:November 7, 2024

Selling Pressure in Bitcoin (BTC)

In Bitcoin (BTC), which is approaching $ 30 thousand, sellers again took control.

Continuing the upward movement in some way since May 1 BTC , came under selling pressure with the coming of the weekend and the decrease in volume. as low as $28,980 BTC Sales pressure is at the forefront at the moment. The loss of momentum of BTC, which started to attack for 30 thousand dollars, worried crypto investors.

Bitcoin (BTC) Chart Analysis

As of the writing of the news, it has found buyers for $ 28,977. BTC It seems to have lost its upward momentum, which started at $27,600. dominated by sellers in BTC The first key support point is at $28,750. If the 28,750 support is not maintained, a drop to the $27,200 level is possible. BTC, which took a receptive step into the new month, seems to have reversed this situation with its decline in the last hours.

The pioneer of cryptocurrencies circulating below the weekly and monthly opening price may reach $30,000 if it persists above the $29,180 resistance. After the incredible volume of Memecoins, the eyes are turned to crypto money, which has gained even more popularity.

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