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News Explorer — Bitcoin's Lagging Price Could Trigger Short-Term Investors to Sell: Analysts

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Jun 18, 7:12 pm
Decrypt

Bitcoin's Lagging Price Could Trigger Short-Term Investors to Sell: Analysts

The momentum of the Bitcoin bull market is fading, with the price approaching the short-term holder cost basis of $63,800. This level serves as a crucial line of support, and consecutive days closed below it could indicate a trend reversal. Other metrics, such as miners dumping coins and slow growth in Tether's market cap, suggest weakening demand from new investors.

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