Four Factors That Could Crash the Bitcoin Price in August
Summary by coincodex.com
1 Articles
1 Articles
Four Factors That Could Crash the Bitcoin Price in August
Key highlights: Galaxy Digital and long-dormant “whale” wallets are sending large amounts of Bitcoin to exchanges, sparking concerns of increased selling pressure. Long-term holders and miners are reducing positions as Bitcoin approaches psychological resistance, signaling a potential trend reversal in August. Despite mounting risks, analysts note Bitcoin’s market structure remains resilient, supported by strong liquidity and sophisticated tra…
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