Bitcoin

Million

<p>The post <a href="https://coinpedia.org/crypto-live-news/bitcoin-price-forms-a-significant-supply-barrier-risking-a-significant-correction/" rel="noopener noreferrer nofollow">Bitcoin Price Forms A Significant Supply Barrier, Risking A Significant Correction!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As per the latest on-chain reports, around 5.45 Million addresses have acquired 3.03 Million BTCs between the range of $70,800 and $64,300 forming a huge supply barrier in this market. This further risks the possibility of a sharp correction in the Bitcoin price in the coming time. Theoretically, if the BTC price continues to drop, these holders could sell their holds as per spot loss, which could further pull the price of Bitcoin toward its multi-month low.</p>

Bitcoin Price Forms A Significant Supply Barrier, Risking A Significant Correction!

CoinPedia News

Інші статті, опубліковані 22 черв. 2024 р.

Ethereum Classic’s 2024 – Here’s what you should expect from its price

MoonBag Meme Coin Goes From Meme to Majesty While Hedera And Slothana Go From Hype to Zero

BtcTurk Confirms Cyberattack: An In-Depth Look at the Incident and Response

Crypto Experts Forecast Bullish Breakout for These Altcoins in June – Binance Coin, Ripple, And R...

Arweave and Sealana Fade in MoonBag’s Top Crypto Presale Glow! Check Why Analysts Predict MoonBag...

Altcoin Market Poised for Potential Rally Amid Current Uncertainty

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!