Bitcoin risks final ‘bear market capitulation’ as rich investors continue BTC selloff — analyst
But more inexperienced investors have been choosing to become long-term Bitcoin holders, limiting sell-side risks below $30,000.
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But more inexperienced investors have been choosing to become long-term Bitcoin holders, limiting sell-side risks below $30,000.
Bitcoin consolidates below $39,000 as one trader warns about a possible squeeze on the daily chart, while a nine-year support level continues to hold strong.
Sky high inflation, fear over the Fed’s expected rate hike and exploding commodity prices are all possible reasons for BTC’s recent dip below $40,000.
Bitcoin‘s role as an inflation hedge is popular, with one expert stating that ”you don‘t need Bitcoin until you do.”
BTC price made a 10% move toward a key resistance level, but traders warn that the price action is just “more of the same” until $46,000 is flipped to support.
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Relief rally hopes rise as BTC price remains stuck inside the $34,000–$45,000 range.
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