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Bitcoin's Rally to $73K Triggers Sell Pressure ๐
In both the 2020-21 and 2023-24 bull runs, #Bitcoin rallies have reignited sell-side pressure.
As Bitcoin surges to new highs, like $73,000, dormant investors bring their supply back to the market, creating a mix of distribution and price contraction.
This pattern is now in full swing as Bitcoin reaches its recent peak.
May 01, 2024 at 10:04 AM
Twitter@CryptoPatel|10:02 AM - May 1, 2024
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