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Home ยป Bitcoin Could Encounter Resistance at 65000

Bitcoin Could Encounter Resistance at 65000

By adminJul. 1, 2024No Comments1 Min Read
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Bitcoin Could Encounter Resistance at 65000
Bitcoin Could Encounter Resistance at 65000
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A significant factor contributing to potential resistance around the $65,000 mark is the behavior of short-term investors. This group, holding Bitcoin for 155 days or less, is currently experiencing losses. According to data from LookIntoBitcoin, the total cost basis for these investors is around $65,000. This implies they are likely to sell their assets near this breakeven point to prevent additional losses, thereby adding to the selling pressure at this price level. For the latest financial and business news, visit COINTURK FINANCE.

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