) price could appreciate over 160% to reach a cycle top of above $150,000, according to a research report by Bitfinex analysts shared with Cointelegraph.
Bitcoin fell 2.2% in the 24 hours leading up to 11:50 am UTC to trade at $70,694. The world’s first cryptocurrency is up over 7.5% on the weekly chart,However, the analysts note that there is more built-up selling pressure than in previous cycles due to Bitcoin hitting aWhile this is a sign of confidence for Bitcoin bulls, it could also introduce significant selling pressure, as 1.87 million BTC, or 9.5% of the circulating supply, was bought above the $60,000 mark.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »