It was just a couple of days ago when the crypto community was celebrating the progress on the CLARITY Act and the subsequent price revival for BTC and many altcoins. The market leader exploded from under $79,000 to $82,000 in minutes after the bill passed the Senate Banking Committee, but it couldn’t maintain its run and quickly erased all the gains.
Moreover, the bears took it a step further earlier today, pushing the asset to a two-week low of well under $78,000. This comes amid analysts outlining potential reasons for yet another decline, maybe to a new local low of $63,000.
Will BTC Keep Dropping?
The first major warning sign was cited by Ali Martinez, who argued that bitcoin miners have continued to dispose of their assets. According to data he took from CryptoQuant, miners have reduced their holdings by 800 BTC, worth around $64 million, in the past several days alone. Martinez warned that this “increase in selling pressure could soon impact price action.”
Merlijn The Trad
We współpracy z: https://cryptopotato.com/bitcoin-price-dips-below-78k-as-analyst-expects-another-brutal-dump/
